The resources used to produce goods and services are divided into four categories: 1. Land 2. Labour 3. Capital 4. Entrepreneurship The resource of labour contains the special category of entrepreneurship. A barley farmer in Alberta irrigates with water from a nearby lake to produce barley. Because water is a natural physical resource rather than a human-made physical resource used in production, water used for irrigation best fits into the resource category of:

The resources used to produce goods and services are divided into four categories: 1. Land 2. Labour 3. Capital 4. Entrepreneurship The resource of labour contains the special category of entrepreneurship. A barley farmer in Alberta irrigates with water from a nearby lake to produce barley. Because water is a natural physical resource rather than a human-made physical resource used in production, water used for irrigation best fits into the resource category of:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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