During a class discussion about the factors of production, Rudy’s teacher calls on him and asks Rudy to provide an example of a natural, or tangible, resource. What correct answer does Rudy offer for an example? (1 point) Responses Land Land Reputation Reputation Relationships Relationships Patents Patents
Land
The correct answer that Rudy offers for an example of a natural, or tangible, resource is "Land."
To determine which of the given options is an example of a natural, or tangible, resource, we need to understand the concept of factors of production. Factors of production are the inputs that are used in the production of goods or services. There are four main factors of production: land, labor, capital, and entrepreneurship.
Among the options provided, "Land" is the correct answer as it represents a natural resource. Land refers to the physical resources available in nature, such as forests, minerals, water bodies, agriculture, and so on.
To arrive at the correct answer, Rudy may have recognized that land fulfills the criteria of being a natural resource, unlike reputation, relationships, or patents which fall under different categories of factors of production, such as human capital or intellectual property.
Therefore, Rudy's correct answer would be "Land."