1. Identify each of the followingresources as either labour (L), capital (K), la

Question

1.      Identify each of the followingresources as either labour (L), capital (K), land (A), orentrepreneurial ability (E). (4 marks: 1/2 mark each)

a.      an office computer –

b.      water flowing into a river dammedby a hydroelectric project

c.      gold deposits in northernSaskatchewan

d.      the work performed by a universityprofessor

e.      the work done by an engineer inraising money to open a gold mine

f.       the goods on a departmentstore shelf

g.      commercial fishing areas in GreatSlave Lake

h.      the tasks done to get highdefinition TV ready for retail sales

Explanation / Answer

All Dear Commenter,

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Best Regards,

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