8. Which factor of production is represented by each of the following?

Question

An office building:
An assembly line worker:
A tree used to make paper:
Unused soil:
An artist:
A student:

Answer 1

Read this site carefully, and I'm sure you can answer this question. If you post your answers, we'll be glad to check them.

http://www.answers.com/topic/factors-of-production

Answer 2

Thank you so much for the post Ms. Sue! Can you check the answer for me??? Thnak you! Here is what I guess:

An office building: capital
An assembly line worker: labor
A tree used to make paper: capital
Unused soil: land
An artist: labor
A student: labor

Answer 3

They're all right.

I'm not sure, however, that a student belongs in any group of production factors.

Answer 4

Thank you so much!!!

Answer 5

You're very welcome.

Answer 6

I would put the tree into land. But this is certainly debatable.

A paper company that specifically planted the tree with the intent to use the wood to make paper might very well call the tree a piece of capital.