Which of the following would be classified as an economic resource?

Study for the CAFS Core 1: Resource Management Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently for your exam!

Education is classified as an economic resource because it enhances an individual's ability to generate income and contribute to the economy. An educated workforce is essential for productivity, innovation, and overall economic growth. Knowledge and skills acquired through education can lead to better job opportunities, higher wages, and increased economic participation.

In contrast, friendship, leisure time, and emotional support do not have a direct economic impact in the same way that education does. While these elements can contribute to an individual's quality of life and well-being, they are not typically classified as economic resources since they do not directly lead to financial gain or economic productivity.

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