Answer to Question #134857 in Macroeconomics for December

Question

Which of the following is NOT a scarce production input?
[1] land available for residential housing
[2] factories that produce fabric masks
[3] money to buy tools and pay workers
[4] people available to work or start a business

Answer 1

Factories that produce fabrics is a scarce input because it's part of machinery, equipments and tools hence it's a form of capital.

Money to buy tools and pay workers also a scarce input under capital.

People available to work or start a business is a form of entrepreneurship.

Hence the answer is land available for residential housing.