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:
I would help you but I can't I'm sorry ❤
I believe the answer is: health insurance
Currently, a form of insurance program for all citizens like this has been adopted by almost all countries in western Europe.
Government program like this is usually created by imposing higher tax income and allocate those to the federal budget
Answer:
test-retest reliability
Explanation:
Based on the scenario being described it can be said that the psychological construct missing from this intelligence test is test-retest reliability. This is a measure to see how reliable the results of a test are, and is done by administering the same test twice, after a set amount of time has passed. Such as the researcher has done in this scenario.