Question

2. What type of resource is each of the following?
a. time spent flipping hamburgers at a restaurant
b. a bulldozer
c. a river

Answer 1

The type of resource is each of the following are:

• Time spent flipping hamburgers at a restaurant - Labor
• A bulldozer - Capital
• A river - Land

What are the four categories of resources?

They are known to be:

• Land
• labor
• physical capital
• human capital.

The above are known to be the four categories of resources. Some examples are fisheries (land), time spent working on a fishing cart (labor) and others.

Hence, The type of resource is each of the following are:

• Time spent flipping hamburgers at a restaurant - Labor
• A bulldozer - Capital
• A river - Land

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