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Which of the following is not considered by economists to be an economic resource quizlet?

Money is not an economic resource because: money, as such, does not produce anything.

Which of the following is the correct definition of a business cycle?

A business cycle is the natural expansion and contraction of economic growth that happens in an economy over a period of time. The rise and fall of an economy's gross domestic product (GDP) defines the start and end of a business cycle, which is also known as an economic cycle or a trade cycle.

Which of the following is not included in US GDP?

Only newly produced goods - including those that increase inventories - are counted in GDP. Sales of used goods and sales from inventories of goods that were produced in previous years are excluded. Only goods that are produced and sold legally, in addition, are included within our GDP.

Which of the following is an example of a produced factor of production?

The factors of production are land, labor, capital, and entrepreneurship.