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
the flags color is yellow and green
Answer: straw polls
Explanation:
A straw poll an unofficial vote that shows how the public thinks about a specific subject or their vote intentions in an election.
Literary Digest took a presidential election straw poll for years, and for years it accurately predicted the winner. It was only in 1936 that the poll predicted, mistakenly, the Republican candidate as the winner, and Literary Digest lost its credibility.
Answer:
a. Malika decides to stop being a stay-at-home mother and enters the workforce because the economy is booming.
Explanation:
Inter-temporal substitution refers to the practice to work more when the returns are expected to be higher. In a booming economy, the returns are expected to be higher compared to that in a recession. Thus people took the opportunity to work more than they required to save for future consumption.
Answer:
The argument uses deductive reasoning and logical evidence in the form of a historical example to support the claim.
Explanation:
The claim that a principality created by the people is easier to govern is a conclusion of deductive thinking, where the author has used evidence to substantiate that claim. These evidences must have been taken from historical facts, which prove that the conclusion is correct. In other words, we can say that to generate this claim, the author used an argument that uses deductive reasoning and logical evidence in the form of a historical example to support the claim.
