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 96 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

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Boundaries within landscapes created by human activity (background) and natural environmental gradie Boundaries within landscapes created by human activity (background) and natural environmental gradie
The beautiful blood vessels of the human body The beautiful blood vessels of the human body
Regions of the Human Visual Cortex and Their Functions Regions of the Human Visual Cortex and Their Functions
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man. Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man.
Allelic phase analysis in human families A and B Allelic phase analysis in human families A and B
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library