Chet runs a woodworking company in a small Midwest town. Many of the original residents' children move away for college, while the low cost of living attracts many Hispanic families
Which factor of production will likely change in response to the social forces affecting Chet's business?
A) natural resources
B) capital
C) human resources
D) entrepreneurship
E) knowledge
Answer: C
Explanation: C) Chet will likely hire more Hispanics for his shop, which may require bilingual signage in the facility and lessons in Spanish for his existing English-speaking employees.
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Fill in the blank(s) with the appropriate word(s).