Which statement is true? a. in economics, land refers to all the natural resources found on land alone. b. in economics, capital includes only tangible objects used for production. c. a point on the ppc indicates maximum utilization of available resources. d. a point under the ppc indicates overutilization of available resources.

C

Of the four statements, only C is true.

In economics, land refers to all the natural resources found not on land alone. In economics, capital includes not only tangible objects used for production but also intangible.

A point on the PPC (Production Possibilities Curve) indicates maximum utilization of available resources, while a point under the PPC indicates inefficient and not overutilization of available resources.

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