Which of the Following Statements Is False

question 137

Multiple Choice

Which of the following statements is false?

• A) To an economist,the resource land includes natural resources such as minerals,forests,water and unimproved land.
• B) To an economist,the resource capital consists of unproduced goods that can be turned into produced goods.
• C) To an economist,the resource labor consists of the physical and mental talents people contribute to the production process.
• D) To an economist,the resource entrepreneurship refers to a particular talent that some people have for organizing the resources of land,labor,and capital to produce goods,seek new business opportunities,and develop new ways of doing things.

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Definitions:

Queuing Theory

A mathematical study of waiting lines, or queues, aiming to predict queue lengths and waiting times in various service and operational settings.

Psychological Dimension

pertains to aspects of an individual’s mental processes and characteristics.

Polychromic Activity

The preference for being involved in two or more tasks or events at the same time.

Situation Effects

Refers to how the immediate context or environment influences an individual's behavior, perceptions, and responses.