QUESTION IMAGE
Question
personal finance and economics
economic decision-making and microeconomics
land is considered a resource because it
costs little or nothing to use.
is used to produce things.
is always available to use.
requires labor to be useful.
In economics, a resource is defined as something used to produce goods and services (outputs). Land fits this definition as it is an input in production (e.g., farming, construction, resource extraction). The other options are incorrect: land often has high acquisition/use costs, it is not always available (scarce), and while labor may be paired with it, the core reason it is a resource is its role in production.
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is used to produce things.