Question

18 land, labor, and capital are the productive resources used to produce all goods and services. which of the following lists of resources could be classified as land? a farm field, tractor, pesticide, fertilizer b dam, bridge, rock quarry, oil well c factory, office building, assembly line, worker d iron ore, natural gas, fertile soil, water

Explanation:

Land in economics refers to natural resources (not man-made structures or capital goods) used in production.

• Option A includes tractor (capital), so invalid.
• Option B includes dam/bridge (man-made capital), so invalid.
• Option C includes factory/worker (capital/labor), so invalid.
• Option D lists only natural resources: iron ore, natural gas, fertile soil, water, all fit the definition of land.

Answer:

D. Iron ore, natural gas, fertile soil, water