What are the three types of productive resources? Select two that apply.
(2 points)
Responses
the raw materials provided by the planet
the raw materials provided by the planet
the planning and work that go into production
the planning and work that go into production
the markets that sell the results of production
the markets that sell the results of production
the social systems that ensure production is protected
the social systems that ensure production is protected
the tools and buildings produced by humans to aid production
the tools and buildings produced by humans to aid production
the consumer knowledge that allows selection of the best products
The three types of productive resources, also known as factors of production, are land, labor, and capital. From the choices provided, the following two apply:
1. the raw materials provided by the planet (Land)
2. the planning and work that go into production (Labor)
The third one, which is not explicitly listed but hinted at, would be:
- the tools and buildings produced by humans to aid production (Capital)