Question
Match each example to the correct factor of production.(1 point)Natural Resource Human Capital Capital Goods EntreprenuershipA new machine in a factoryA forest full of treesA business owner opening a new restaurantStudents learning to codeBakery employees taking a cake-decorating coursePurchasing new software for a tech company
Answers
GPT-4o mini
Here are the correct matches for each example to the corresponding factor of production:
1. **Natural Resource**: A forest full of trees
2. **Human Capital**: Students learning to code
3. **Capital Goods**: A new machine in a factory
4. **Entrepreneurship**: A business owner opening a new restaurant
5. **Human Capital**: Bakery employees taking a cake-decorating course
6. **Capital Goods**: Purchasing new software for a tech company
(Note: "Human Capital" applies to both "Students learning to code" and "Bakery employees taking a cake-decorating course" since both are about improving skills and knowledge.)
1. **Natural Resource**: A forest full of trees
2. **Human Capital**: Students learning to code
3. **Capital Goods**: A new machine in a factory
4. **Entrepreneurship**: A business owner opening a new restaurant
5. **Human Capital**: Bakery employees taking a cake-decorating course
6. **Capital Goods**: Purchasing new software for a tech company
(Note: "Human Capital" applies to both "Students learning to code" and "Bakery employees taking a cake-decorating course" since both are about improving skills and knowledge.)