The knowledge and skills acquired by a worker through education and experience is a description of which factor of production?
A) physical capital
B) human capital
C) labor
D) entrepreneurship
Correct Answer:
Verified
Q13: Which of the following is a question
Q15: The physical and mental effort people use
Q16: Deciding if a company will produce automobiles
Q17: The effort used to coordinate the factors
Q19: Tradeoff is
A) allowing the government and other
Q20: Resources are all of the following EXCEPT
A)
Q21: One of the key economic questions is
Q22: Economic models are used to
A) explain every
Q23: One of the key economic questions is
Q121: Normative economics
A) is the focus of most
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