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We have described four factors of production: natural resources, labor, capital, and entrepreneurship. Think of any restaurant you have ever been to: Burger King, McDonalds, Pizza Hut or any other.

a. Write a list of some of the things used by that restaurant that would qualify as natural resources.

b. Write a list of some of the things used by that restaurant that would qualify as labor.

c. Write a list of some of the things used by that restaurant that would qualify as capital.

d. Who is the entrepreneur in this restaurant and what does the entrepreneur do

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