Question

Any resources that are made by humans and used to create other goods and services are called

a. services.
c. capital.
b. production.
d. labor.

Answer 1

Let's take an example of such a resource: a saw. A saw is produced by humans and it's used to produce other goods: it's used to cut wood, and after that, furniture can be made of this wood.

A saw can be neither service, nor labor or production - so we reject those answer. The correct answer is c.capital!