A.P. Economics

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8. Which factor of production is represented by each of the following?

An office building:
An assembly line worker:
A tree used to make paper:
Unused soil:
An artist:
A student:

• A.P. Economics -

Read this site carefully, and I'm sure you can answer this question. If you post your answers, we'll be glad to check them.

• A.P. Economics -

Thank you so much for the post Ms. Sue! Can you check the answer for me??? Thnak you! Here is what I guess:

An office building: capital
An assembly line worker: labor
A tree used to make paper: capital
Unused soil: land
An artist: labor
A student: labor

• A.P. Economics -

They're all right.

I'm not sure, however, that a student belongs in any group of production factors.

• A.P. Economics -

Thank you so much!!!

• A.P. Economics -

You're very welcome.

• A.P. Economics -

I would put the tree into land. But this is certainly debatable.

A paper company that specifically planted the tree with the intent to use the wood to make paper might very well call the tree a piece of capital.

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