In economics, the term "land" means
A) only land that is used in agricultural production.
B) land, mineral resources, and nature's other bounties.
C) land that is devoted to economic pursuits.
D) land used for agricultural and urban purposes.
B
Economics
You might also like to view...
Refer to the table above. If the opportunity cost of time increases to $60 per hour, renting which apartment will turn out to be the most expensive every month?
A) 1 B) 2 C) 3 D) 4
Economics
Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.
Economics