Multiple Choice
Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views of the Rocky Mountains. He obtains a loan and purchases the necessary land, facilities, advertising, and five helicopters for his business. What important factor of production has he overlooked in creating his business?
A) Equipment
B) Capital
C) Labor
D) Entrepreneurship
E) Natural resources
Correct Answer:
Verified
Correct Answer:
Verified
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