Consider the following list: a worker with training in video gaming technology,10 hectares of arable land in southern Ontario,a fishing trawler in Nova Scotia,an ice-cream truck at a park in Quebec.Each of these is an example of
A)a factor of production.
B)a capital resource.
C)a commodity.
D)goods and services.
E)an economic service.

Question

Quizplus · Accepted Answer

Each of the items listed represents a factor of production. The worker with training in video gaming technology represents human capital, the arable land represents land, the fishing trawler represents capital, and the ice-cream truck represents entrepreneurship.

Consider the Following List: a Worker with Training in Video