date: 9/12/2015\nintroduction of skills review\nfactors of production\nq: which is an example of human…

date: 9/12/2015\nintroduction of skills review\nfactors of production\nq: which is an example of human resources in production?\na) a tractor\nb) a factory worker\nc) oil\nd) a bank loan\n\ntypes of economics\nq: in a market economy, who decides what goods are made?\na) government only\nb) consumers and producers\nc) the military\nd) kings and queens\n\neconomic activities\nq: which is an example of a service industry job?\na) farming corn\nb) building cars in a factory\nc) teaching students in a school\nd) mining coal

date: 9/12/2015\nintroduction of skills review\nfactors of production\nq: which is an example of human resources in production?\na) a tractor\nb) a factory worker\nc) oil\nd) a bank loan\n\ntypes of economics\nq: in a market economy, who decides what goods are made?\na) government only\nb) consumers and producers\nc) the military\nd) kings and queens\n\neconomic activities\nq: which is an example of a service industry job?\na) farming corn\nb) building cars in a factory\nc) teaching students in a school\nd) mining coal

Answer

Brief Explanations:

  1. Human resources in production refer to the labor - force. A factory worker is a part of the human effort in production. A tractor is capital, oil is a natural resource, and a bank loan is financial capital.
  2. In a market economy, consumers' demands and producers' profit - seeking behavior determine what goods are made. The government has a regulatory role but not the sole decision - making power. The military and kings/queens are not the main decision - makers in a market economy.
  3. The service industry provides intangible services. Teaching students is a service. Farming corn, building cars, and mining coal are related to the primary and secondary industries which deal with tangible goods production.

Answer:

  1. B. A factory worker
  2. B. Consumers and producers
  3. C. Teaching students in a school