Which term refers to people who use resources to make goods and services; also called workers?

Which term refers to people who use resources to make goods and services; also called workers?

• A. Product Line
• B. Production/Producers
• C. Product
• D. Public Goods

Answer: (B)

Labor is a factor of production, referring to the people who apply effort to turn resources into goods and services. The term production/producers fits best because it names both the act of creating outputs (production) and the people who do the work (producers). Workers is a natural way to refer to labor, but the option that combines the idea of both making and the people involved is the most precise match. The other terms don’t fit: a product line is a group of related products, a product is the item itself, and public goods are goods provided for everyone regardless of who produces them.

Labor is a factor of production, referring to the people who apply effort to turn resources into goods and services. The term production/producers fits best because it names both the act of creating outputs (production) and the people who do the work (producers). Workers is a natural way to refer to labor, but the option that combines the idea of both making and the people involved is the most precise match.

The other terms don’t fit: a product line is a group of related products, a product is the item itself, and public goods are goods provided for everyone regardless of who produces them.