Question

Which of the following describes human effort in economics?
A
Human effort is not considered a part of economics,
B. Human effort is one of the resources of production
C
Human effort is affected by economics but is outside economic theory,
D. Human effort is the only real resource of production,

Answer 1

Human effort is one of the resources of production describes human effort in economics

Answer: Option B

Explanation:

Human effort is one of the resources of production. Human efforts typically refers to the labor that the humans put in in the production process. Human efforts are made use of in the production of goods and services. For most production processes, human effort is a central and main activity.

This is because without human effort or labor, the production process may suffer from hindrances and obstacles. Humans tend to possess the skills that can be used in the production of goods and services that are of use in an economy.