Which Resource Has the Least Elastic Supply

question 22

Multiple Choice

Which resource has the least elastic supply?

• A) labor
• B) capital
• C) land
• D) money
• E) taxes

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Definitions:

Indentured German Families

German immigrants who came to America and worked for a fixed number of years in exchange for their passage, often in the 17th and 18th centuries.

Transportation Debt

The accumulated obligations incurred from funding the development, maintenance, and expansion of transportation infrastructure.

Spanish Colonies

Territories around the world that were once part of the Spanish Empire, marked by significant Spanish cultural and political influence from the 15th to the 19th centuries.