Answer:
Car on the highways require a good driver.
Answer and Explanation:
Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship
Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.
Labour is human capital or input in production example workers in a factory
Capital is man made goods utilized to produce other goods
Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk
From the example, the factors of production include:
The forest with all the wood which falls under land factor of production.
Bill who falls under labour factor of production
His father's chainsaw which falls under capital factor of production
Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production
Answer:
The correct answer is a) Deductive.
Explanation:
Deductive reasoning is the process that helps the person deduce the information through the assumptions presented, thus concluding.
This deductive reasoning develops from the common to the particular, making use of logical strategies.
<em>Example of deductive reasoning:
</em>
<em>Common hypothesis</em>: Watching a movie is fun
<em>Particular hypothesis:</em> I like watching movies
<em>Conclusion:</em> Watching movies amuses me.
In the case of the experiment, we can be seen that they make use of the deductive reasoning of the participants since they are presented with the premises and the conclusion, hoping that they can find the logical conclusions.
<em>I hope this information can help you.</em>
