Provide at least one example of each type of economic resource (land, labor, capital, entrepreneurship). Furthermore, be prepared to provide examples of how the five parameters (incentives, trade-offs, exchange, information, distribution) link scarcity and choice for the resource examples that you provide.

Answer rating: 100% (QA)

Here are some examples of each type of economic resource and how the five parameters link scarcity and choice for each resource 1 Land Example A farmer has a piece of land that can be used to grow eit... View the full answer