Question

Match the factors of production listed, as seen in the following photo, to the correct answer.

A. The farmer is Production
B. Ms. Leigh's uncle Earl is Labor
C. Land
D. Capital

Answer 1

The student's question involves matching items to the correct factors of production, which are the resources necessary to create goods and services such as labor, land, and capital.

Step-by-step explanation:

The question refers to the concept of factors of production, which are the resources required to produce goods and services. Specifically, it asks to match given items to the categories of factors of production: land, labor, capital, and possibly entrepreneurship. Here's how the matching would look:

• The farmer is part of the Labor factor because they provide the work.
• Ms. Leigh's uncle Earl, being a human, would also fall under the Labor category.
• Land refers to the natural resources used in production.
• Capital includes tools, equipment, machinery, and any other assets that help in production.

The question underscores the importance of understanding how different inputs (land, labor, and capital) combine effectively to produce goods and services. These factors are integral to economic systems and help drive the functioning of the circular flow model.