Which of the following statements is true?
A)Oil is classified as part of the resource category land.
B)A person working for a company is classified as part of the resource category capital.
C)A machine in a factory is classified as part of the resource category land.
D)A person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor.

Question

Which of the following statements is true?
A)Oil is classified as part of the resource category land.
B)A person working for a company is classified  as part of the resource category capital.
C)A machine in a factory is classified as part of the resource category land.
D)A person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor.

Quizplus · Accepted Answer

Oil is considered a natural resource and is classified under the resource category of land.

Which of the Following Statements Is True