Which of the Following Would Not Be Classified as an Economic

question 135

Multiple Choice

Which of the following would not be classified as an economic resource by economists?

• A) a professional soccer player
• B) water in a town's reservoir
• C) money in a business checking account
• D) the manager of the local hamburger restaurant

---

Definitions:

Original Costs

The initial amount spent to acquire an asset, including purchase price and all expenses incurred to bring the asset to its intended use.

Written Agreement

A formal contract which outlines the terms and conditions between parties in written form.

Income and Losses

A financial term encompassing the total earnings (income) and deductions (losses) affecting the net profitability of a business over a specific period.

Capital Balances

The amount of money that each partner has invested in a business, which can change over time with profits and losses.