Consider the following events: I. Samsung hires associates to market their HDTV sets to Best Buy.
II. The Dallas Cowboys build a new football stadium.
III. eBay fires 10 percent of its workforce.
IV. Ten million stocks were traded on the New York Stock Exchange in one day.
V. Pennsylvania builds a new state park.
Which of the events describe use of factors of production?

Question

Quizplus · Accepted Answer

I. Samsung hiring associates to market their HDTV sets involves the use of human capital (labor). 
II. The Dallas Cowboys building a new football stadium involves the use of physical capital (land and capital). 
III. eBay firing 10 percent of its workforce is related to decreasing the use of human capital. 
IV. Ten million stocks being traded on the New York Stock Exchange in one day is related to financial capital being utilized. 
V. Pennsylvania building a new state park involves the use of physical capital (land and possibly capital). Therefore, events I, II, III, and V all involve the use of factors of production.

Consider the Following Events: I