You hire a handyman to repair some broken floorboards on your deck. Which of the following statements correctly describes the contribution of the factors of production to this transaction?
A) No scarce resources are involved, because you are just repairing an existing resource.
B) The handyman's time is a capital resource.
C) Tools used by the handyman are a capital resource.
D) Tools used by the handyman are a land resource.
Correct Answer:
Verified
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