Labor Resource-City Population vs Financial-Natural Resources
Question:
Which of the following is an example of a labor resource?
A. Money available to be invested in a company
B. Water held in a reservoir
C. A city’s population
D. Electricity produced by a nearby power plant
Answer Description
The correct answer is C. A city’s population.
Explanation: A labor resource refers to human resources, which include the people who provide their labor, skills, and expertise to produce goods and services. In this context:
A. Money available to be invested in a company – This is a financial resource, not a labor resource.
B. Water held in a reservoir – This is a natural resource, not a labor resource.
C. A city’s population – This represents the human labor available, making it a labor resource.
D. Electricity produced by a nearby power plant – This is an energy resource, not a labor resource.
The city’s population represents the human workforce that can be utilized for various tasks and jobs, thus qualifying as a labor resource.
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