Solved: What categories do economists use to classify resources, Microeconomics

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What categories do economists use to classify resources

Problem

1. State (a) a positive economic statement of your choice, and then (b) a normative economic statement relating to your first statement

2. What are economic resources? What categories do economists use to classify them? Why are resources also called factors of production? Why are they called inputs?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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