Which of the Following Is a Land Resource

question 183

Multiple Choice

Which of the following is a land resource?

• A) a farmer
• B) an oil drilling rig
• C) a machine for detecting earthquakes
• D) natural gas

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Definitions:

Manufacturers

Companies or individuals that produce finished goods from raw materials through various processes, machinery, and operations.

Labour Productivity

A measure of economic performance that calculates the amount of goods and services produced by one hour of labor.

Wage Rates

Wage Rates refer to the standardized amount of compensation workers receive per unit of time, such as an hour or a week, for their labor.

Location Decision

The process involved in choosing a geographic location for a firm's operations, factoring in costs, accessibility, labor supply, and other strategic objectives.