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Land, Labor, and Capital Flashcards | StudBud
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Land, Labor, and Capital
Land, Labor, and Capital
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1
Which of the following would be physical capital for a clothing store?
jackhammers
mannequins
copiers
knives
2
Jim wants to start a computer manufacturing company? What will be his largest initial cost?
physical capital
labor
land
human capital
3
Drew has applied for a job as a teacher. What human capital should he NOT put on his resume?
He has good computer skills.
He has lots of personal experience in prisons.
He has good communication skills.
He has worked as a tutor.
4
Bob is hiring for his new fitness company. Which position best fits the needs of his business?
technician
cook
personal trainer
salesman
5
Which of the following is a service-based industry?
toy stores
malls
grocery stores
airlines
6
The limited supply and high demand for gold is an example of ___________.
surplus
scarcity
capital
shortages
7
Which of the following would NOT be an example of land for a car company?
flour
plastic
rubber
metal
