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 commodity.
B)goods and services.
C)an economic service.
D)a factor of production.
E)a capital resource.

Question

Quizplus · Accepted Answer

Each of the items listed represents a factor of production - specifically, the worker represents human capital, the arable land represents natural resources, the fishing trawler represents physical capital, and the ice-cream truck represents entrepreneurial ability.

Consider the Following List: a Worker with Training in Video