Questions: In economics, which of the following is not an example of the resource land? a. minerals b. animals c. water d. machinery

In economics, which of the following is not an example of the resource land? a. minerals b. animals c. water d. machinery
Transcript text: In economics, which of the following is not an example of the resource land? a. minerals b. animals c. water d. machinery
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Solution

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Answer

The answer is d. machinery

Explanation
Option a: minerals

Minerals are naturally occurring substances that are extracted from the earth, making them a classic example of the resource land in economics. They are part of the natural resources that are used in production.

Option b: animals

Animals, particularly those that are raised on farms or found in the wild, are considered part of the resource land. They are natural resources that can be used for various economic activities, such as agriculture and food production.

Option c: water

Water is a natural resource that is essential for life and is used in numerous economic activities, including agriculture, industry, and domestic use. It is considered part of the resource land.

Option d: machinery

Machinery is a man-made tool or equipment used in the production process. It is not a natural resource and is instead classified as capital in economics. Capital refers to the tools, equipment, and facilities used to produce goods and services.

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