Classify each resource used in production as land, labor, capital, entrepeneurs, or human capital. Natural resources Labor Physical capital Entrepreneurs Answer Bank Pat's experience tweaking the extruder Kyle's Taco Truck (the truck itself) The Rio Grande LaShonda, a server at Sonic Drive-In your econ professor's understanding of how markets work your favorite bartender ore Aunt Sandy's Jammin' Jellies (the business) Kyle, operator of Kyle's Taco Truck Which resource earns profits? capital O entrepreneurs O natural resouces your coworkers at the big-box store Human capital Farmer Bailey's tractor Lake Casitas O labor Ohuman capital

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Classify each resource used in production as land, labor, capital, entrepeneurs, or human capital.
Natural resources
Labor
Physical capital
Entrepreneurs
Answer Bank
Pat's experience tweaking the extruder
Kyle's Taco Truck (the truck itself)
The Rio Grande
LaShonda, a server at Sonic Drive-In
your econ professor's understanding of how markets work
your favorite bartender
ore
Aunt Sandy's Jammin' Jellies (the business)
Kyle, operator of Kyle's Taco Truck
Which resource earns profits?
O capital
entrepreneurs
O natural resouces
your coworkers at the big-box store
Farmer Bailey's tractor
Lake Casitas
Human capital
O labor
human capital
Transcribed Image Text:Classify each resource used in production as land, labor, capital, entrepeneurs, or human capital. Natural resources Labor Physical capital Entrepreneurs Answer Bank Pat's experience tweaking the extruder Kyle's Taco Truck (the truck itself) The Rio Grande LaShonda, a server at Sonic Drive-In your econ professor's understanding of how markets work your favorite bartender ore Aunt Sandy's Jammin' Jellies (the business) Kyle, operator of Kyle's Taco Truck Which resource earns profits? O capital entrepreneurs O natural resouces your coworkers at the big-box store Farmer Bailey's tractor Lake Casitas Human capital O labor human capital
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