Question
Which of the following lists would an economist consider to be land ?
factories, office buildings, assembly lines, workers
iron ore, natural gas, fertile soil, water
farm fields, tractors, pesticides, fertilizers
dams, bridges, rock quarries, oil wells
Answers
Answered by
GPT-4o mini
An economist would consider "land" to include all natural resources that are used in the production of goods and services. Based on this definition, the appropriate list from your options would be:
**iron ore, natural gas, fertile soil, water**
This list consists of natural resources that are found in the earth and can be used in various production processes, making them part of the economic factor "land."
**iron ore, natural gas, fertile soil, water**
This list consists of natural resources that are found in the earth and can be used in various production processes, making them part of the economic factor "land."