Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which of the following is an example of a labor resource? money availab…

Question

which of the following is an example of a labor resource?
money available to be invested in a company
water held in a reservoir
a city’s population
electricity produced by a nearby power plant

Explanation:

Brief Explanations

Labor resources refer to the human effort, skills, and abilities used in production.

  • Money for investment is a capital resource, not labor.
  • Water in a reservoir is a natural resource.
  • A city's population represents the pool of potential workers, making it a labor resource.
  • Electricity is a produced good, not labor.

Answer:

C. a city's population