Which of the Following Statements About Economic Resources Is False

question 18

Multiple Choice

Which of the following statements about economic resources is false?

• A)Economic resources include financial capital and money.
• B)Economic resources are also called factors of production.
• C)Economic resources are used to produce goods and services.
• D)Some economic resources are human-made while others are found in nature.

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Definitions:

Unintentional

An action or outcome that occurs without a deliberate plan or purpose.

Materially False

Statements or representations that are significantly untrue or misleading, often in a legal or financial context.

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Legal Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into an agreement.