You own a factory that makes wooden yoyos. You have trees brought in to make the yoyos and hire carvers to make the yoyos in your factory with your tools. What are your land, labor, and capital?

Question

You own a factory that makes wooden yoyos. You have trees brought in to make the yoyos and hire carvers to make the yoyos in your factory with your tools. What are your land, labor, and capital?

(1 point)
The land includes the trees and factory land. The labor includes the carvers. The capital includes the tools and the carvers' skills.
The land includes the trees and the factory (the building and land). The labor includes the carvers.
The capital includes the tools and the carvers' skills.
The land includes trees and factory land. The labor includes the carvers. The capital includes the factory, the tools, and the carvers' skills.
The land includes factory land and trees. The labor includes the carvers and their skills. The capital includes the factory and the tools.

Answer 1

You own a factory that makes wooden yoyos. You have trees brought in to make the yoyos and hire carvers to make the yoyos in your factory with your tools. What are your land, labor, and capital?

The land includes the factory land and trees. The labor includes the carvers and their skills. The capital includes the factory and the tools.