Which of the following represents natural resources used in the production of goods and services?

The selection of land or natural resources as the representation of resources used in the production of goods and services is accurate because it directly pertains to the inputs derived from nature that are utilized in the creation of economic products. Natural resources include all the materials and elements sourced from the Earth, such as minerals, water, forests, and agricultural fields. These resources are fundamental to various industries, providing the raw materials necessary for manufacturing, agriculture, energy production, and more.

Natural resources are distinguished from human capital, which refers to the skills, knowledge, and experience possessed by individuals, and from physical capital, which encompasses manufactured assets like machinery and tools used in production. Labor pertains to the human effort involved in the production process but does not represent resources derived from nature. By focusing on land or natural resources, we identify the essential inputs that are foundational to the production and fulfillment of economic activity.