Question

What is one way in which an asset can have economic value?

a.

By being productive and generating income

b.

By being owned by multiple individuals

c.

By being freely available to all

d.

By being abundant and not scarce

Posted under C02 Core Elements of Insurance IC38 Life Insurance Agent Exam

Answer: (a).By being productive and generating income Explanation:An asset can have economic value by being productive and generating income.

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Q. What is one way in which an asset can have economic value?
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