All of the following are resources EXCEPT
A) doctors because they perform services.
B) the land the Statue of Liberty sits on.
C) the computer in the student computer lab.
D) money.
Answer: D
Economics
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The measure most commonly used by economists to gauge the standard of living of a nation is: a. labor productivity
b. nominal GDP. c. real GDP. d. real GDP per capita.
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An individual has a comparative advantage in production if that individual: a. can produce at the highest opportunity cost. b. is more self-sufficient than others
c. can produce at the lowest opportunity cost. d. all of the above
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