How the World’s Largest Cruise Ship Deals With Food Waste

Which factor of production refers to the physical assets used in production?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

What resource is responsible for generating economic value from natural elements like oil and gold?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

What factor of production is represented by the ship itself, including its physical structure, engines, and amenities?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

The crew members who operate the ship, manage guest services, and maintain the facilities contribute to which factor of production?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

The ship’s onboard restaurants, theaters, and casinos generate revenue through ticket sales and onboard purchases. Which factor of production is responsible for creating these services?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

The raw materials used to construct the ship, such as steel, glass, and wood, represent which factor of production?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

The ship’s fuel, machinery, and maintenance equipment are essential for its operation. Which factor of production do these items belong to?

• • Labor

• • Capital

• • Entrepreneurship

• • Land

How can a cruise line enhance its human capital?

• • By investing in crew training and development.

• • By purchasing more ship equipment.

• • By increasing debt capital.

• • By reducing onboard expenses.