Answer Bank Mauricio's Taco Truck (the idea) The Rio Grande Aunt Sandy's Jammin Jellies (the business)...

Question

Question

Answer 1

Answer #1

Land, Labor, Capital, and Entrepreneurs are the factors of production.

These factors of production are utilized to produce goods and services.

Each factor earns factor income.

Land earns rent, capital earns interest, labor earns wages, and entrepreneurs earns profits.

Following is the complete table -

LAND	LABOR	CAPITAL	ENTREPRENEURS
Ore	Your Coworker	Farmer Tanner's tractor	Mauricio's Taco Truck (the idea)
The Rio Grande	Your favorite bartender	Mauricio's Taco Truck (the truck itself)	Aunt Sandy's Jammin' Jellies (the business)
Lake Elsman	Anika, a server at Sonic Drive-In

Entrepreneurs earns profits.

Hence, the correct answer is the option (1).

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Answer 2

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