Resources are all of the following EXCEPT
A) unlimited and in abundance.
B) the things we use to produce goods and services.
C) limited in quantity and can be used in different ways.
D) scarce and therefore requiring choices to be made.

Question

Quizplus · Accepted Answer

Resources are not unlimited and in abundance. They are limited in quantity and can be used in different ways. Therefore, option A is incorrect. The correct options are B, C, and D. Resources refer to the things we use to produce goods and services and they are scarce, requiring choices to be made regarding their allocation.

Resources Are All of the Following EXCEPT