How are capital resources used in production?
(1 point)
Responses
They allow producers better access to world markets.
They allow producers better access to world markets.
They make it possible to employ more skilled laborers.
They make it possible to employ more skilled laborers.
They provide tools that make production more efficient.
They provide tools that make production more efficient.
They purchase the raw materials needed for production.
They purchase the raw materials needed for production.
All of the above options are correct.
Capital resources are used in production to improve efficiency, increase productivity, and access world markets. They provide tools and equipment that make production more efficient and allow producers to employ more skilled laborers. Additionally, capital resources can be used to purchase the raw materials needed for production.