Which of the Following Is Considered an Economic Resource

question 85

Multiple Choice

Which of the following is considered an economic resource?

• A) the ice cream that kids buy at the ice cream parlor
• B) the HD-TV sets in people's homes
• C) the land that is designated as national parks by the government
• D) shoppers buying stuff at the mall

---

Definitions:

Outstanding Checks

Checks that have been written and recorded in the account ledger but not yet cleared or cashed by the bank.

EFT Deposit

An electronic funds transfer deposit, which represents the digital transfer of money into a bank account.

Petty Cash Fund

is a small amount of cash kept on hand by a business for making immediate and minor payments, reducing the need for check transactions.

Journalize

The process of recording business transactions in a journal, the first step in the accounting cycle.