Answer Happy

1. Identify the resources below as land, capital, labor, or entrepreneurial ability. a. Uranium deposits in Canada. b. The work performed by the late Henry Ford. c. The work done by a robot at an auto plant. d. A carpenter building a house, 2. Indicate whether each of the following statements applies to micro or macro economics: a. The U.S. economy imported more goods and services than it exported last year. b. Rains from El Nino hit the California region causing severe flooding in farms. The prices for citrus and produce are expected to rise sharply. c. The civilian unemployment rate for December was 7.8%. 3. Identify each of the following as either a positive or a normative statement: a. The government should provide free tuition to all college students. b. The economy grew at a rate of 3.4% last year. c. Real average hourly earnings rose 0.3% in December.