This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Labor, human capital, and entrepreneurship are resources related to human beings. Distinguish among ... (Read 74 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Labor, human capital, and entrepreneurship are resources related to human beings. Distinguish among the three resources.
 
  What will be an ideal response?

Question 2

A price system is considered to be efficient when
 
  A) it fails to have the goods that consumers want.
  B) an underground market develops.
  C) all resources are allocated to the highest-valued uses.
  D) firms produce more than what consumers want.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

Labor is the work done by human beings. Human capital refers to the worker education and training that makes human beings more productive. Whenever a worker's skills increase, there has been an improvement of human capital. Entrepreneurship refers to the use of human beings in organizing, managing, and assembling the other factors of production to make business ventures.

Answer to Question 2

C


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Some viruses that cause human diseases. Some viruses that cause human diseases.
Human immunodeficiency virus. Human immunodeficiency virus.
A schematic of a Stanadyne diesel fuel injection pump assembly showing all of the related ... A schematic of a Stanadyne diesel fuel injection pump assembly showing all of the related ...
Human Development Human Development
Annotation of a DNA sequence containing part of the human beta globin gene Annotation of a DNA sequence containing part of the human beta globin gene
Partial map of disease genes on human chromosome 21 Partial map of disease genes on human chromosome 21
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library