Final answer:
The set of products soil, water, air, and coal matches with natural resources; milk, flour, steak, and sweet corn with food; and cotton, sorghum, rice, and soybeans with agriculture. The variability in production possibilities across countries is influenced by labor, human capital, physical capital, and technology. Agricultural production depends on suitable natural resources and conditions.
Step-by-step explanation:
To match the set of products or components to the related area of agribusiness:
- soil, water, air, coal - a. natural resources
- Milk, flour, steak, sweet corn - b. food
- cotton, sorghum, rice, soybeans - c. agriculture
Countries have different production possibilities due to various factors such as the quantity of labor, the quality of labor, which includes human capital, physical capital, and technology. For example, milk production requires certain natural resources like grasslands or fields for cattle grazing or growing hay or corn. Meanwhile, agriculture encompasses the method of growing crops and raising livestock to provide food and some raw materials. Countries need different combinations of these elements — land, labor, capital, and technology — to engage in agricultural activities that are most suitable for their unique environments.