Answer to Question #204713 in Economics for carr sam chow

Question

Match the resources with the factors of production.

• land
• capital
• labor
• entrepreneurship
• an idea for a car that runs on steam
  
• crude oil used to produce gasoline
  
• a machine used by a tailor to stitch clothes
  
• workers building a house
  

Answer 1

• land - crude oil used to produce gasoline
• capital - a machine used by a tailor to stitch clothes
• labor - workers building a house
• entrepreneurship - an idea for a car that runs on steam