Which Statement About an Economy's Resources Is the Most Accurate

question 82

Multiple Choice

Which statement about an economy's resources is the most accurate?

• A) They consist of land, labour, capital, and entrepreneurial skills.
• B) They consist of land, labour, and entrepreneurial skills, but not capital.
• C) They are always efficiently utilized in wealthy nations.
• D) They are unlimited in a country like Canada.

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Definitions:

Debt Restrictions

Clauses or covenants in a loan agreement that limit or restrict the borrower's actions to protect the lender’s interests.

Restructuring Debt

The process of renegotiating the terms of existing loans to improve financial stability.

Composition

The makeup or structure of something, in finance it might refer to the mix of assets in a portfolio or ingredients of a financial product.

Creditors

Entities or individuals to whom money is owed by a person or company.