Which of the Following Is True of Resources

question 59

Multiple Choice

Which of the following is true of resources?

• A) Capital resources include manual labor.
• B) Natural resources are produced by nature and are available at a zero price.
• C) Labor includes the skills and training people acquire to use in production.
• D) Technological know-how is an example of a natural resource.
• E) Human capital is the technical term for a robot.

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Definitions:

SSE

Sum of Squared Errors, a measure of the discrepancy between the data and an estimation model, representing the error between observed and predicted values.

Treatments

In experimental research, the conditions applied to different groups of participants to observe potential changes in behavior or outcomes.

Factor

An element or constituent that contributes to a result or outcome.

Population Means

The average value of a characteristic in a population, and a parameter that is often estimated from sample data.