Statement I.Labor and Capital Are Resources

question 241

Multiple Choice

Statement I.Labor and capital are resources.
Statement II.Scarcity has been largely eliminated from our economy.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Poll

A survey of public opinion from a particular sample, often used to predict the outcome of an election or gather opinions on various issues.

Blue Eyes

A specific eye color resulting from a lower concentration of melanin in the iris.

Population

the entire group of individuals or instances about whom we hope to learn.

Unrelated

Not connected or associated, often used to describe variables that do not influence each other.