entry economics question

Kenazo

Lifer
Sep 15, 2000
10,429
1
81
Ok, so here's a kind of weird question off my last exam.

Which of the following is an example of a natural resource?
a) A concert singer's voice
b) a computer program
c) a dairy cow
d) a dam

So, I'm kind of stuck as to if it should have been a or c. I'm leaning towards A, b/c I think a dairy cow could be included under capital when considering how a business would use them. What do you think?
 

astroview

Golden Member
Dec 14, 1999
1,907
0
0
Apparently its normally a cow, I asked a U Chicago econ major...

She said "a cow is natural in the common sense of being environmental, and its a resource." But "all are technically natural resources, depending on the definition of the term."

Hah, I hope that helps.
 

DaWhim

Lifer
Feb 3, 2003
12,985
1
81
a cow....damn, U of Chicago is my dream school. best economic school in the world!!!
 

Hector13

Golden Member
Apr 4, 2000
1,694
0
0
Originally posted by: astroview
Apparently its normally a cow, I asked a U Chicago econ major...

She said "a cow is natural in the common sense of being environmental, and its a resource." But "all are technically natural resources, depending on the definition of the term."

Hah, I hope that helps.

maybe I'm missing something... but how could a dam or a computer program be a natural resource?
 

halik

Lifer
Oct 10, 2000
25,696
1
0
a cow... funny example but the best pick of all of those

<- econ major at u of michigan