QUESTION IMAGE
Question
b. select the following item that would not be an example of \land\ as an economic concept.
a farmers field
the grass that feeds the cattle of a rancher
the water used on a farmers field
the tractor the farmer uses
Brief Explanations
In economics, "land" as a factor of production refers to natural resources provided by nature. A farmer's field, grass for cattle, and field water are all natural resources. A tractor is a man-made capital good, not a natural land resource.
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the tractor the farmer uses