when identifying the factors of production the term ____ may also be used to refer to labor
a. human resources**
b. contract resources
c. production resources
d. management resources
______ includes the physical and intellectual contributions people make while working
a. capital
b. government
c. entrepreneurship
d. labor***
I agree with both your answers.
To identify the factors of production, one can refer to a commonly used term that is synonymous with labor. The term used to refer to labor in this context is "human resources." So, the correct answer to the first question is option a. human resources.
When considering the physical and intellectual contributions people make while working, the specific factor of production that encompasses this is "labor." Therefore, the correct answer to the second question is option d. labor.
In both cases, understanding the terminology and concepts related to the factors of production and their specific definitions is crucial in arriving at the correct answers.