Which of the Following Is NOT an Economic Resource

question 269

Multiple Choice

Which of the following is NOT an economic resource?

• A) company stock share
• B) low-skilled labor
• C) coal
• D) an economist

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Definitions:

P(B)

Represents the probability of an event B occurring in probability theory and statistics.

Classical Approach

A method or theory in economics and political philosophy centered around free markets, competition, and limited government intervention.

Relative Frequency Approach

A method of estimating probabilities based on the proportion of observed occurrences of an event relative to the total number of trials.

Subjective Approach

A method of decision making or analysis that is based on personal judgment, opinions, or preferences rather than objective data.