Economics: The Basics 1st Edition by Mike Mandel

Exercise 2

Below are five inputs for a bank. Identify each as labor, capital, land, intermediate inputs, or business know-how.
a) The bank tellers.
b) The bank vault.
c) The janitors, employed by another company, who clean the bank at night.
d) The procedures for determining who will get loans.
e) The manual that says how to open new accounts.
f) The computers on the desks of the bank workers.
g) The electricity to run the computers.