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For each of the following resources, name at least two (hypothetical) competing

For each of the following resources, name at least two (hypothetical) competing potential uses for that resource. Then describe how the market process determines to which use the resource will eventually be allocated.
Question 1 – A parcel of vacant land located at the intersection of two streets used heavily by commuters
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Question 2 – A semi-tractor and trailer owned by a private trucker
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Question 3 – A web-designer with particular expertise business web development
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Question 4 – Fitness Fanatic is a startup fitness center located in Louisville Kentucky. Its innovative model of combining social networking, exclusive branded apparel, and an invitation-only fitness center has led to substantial revenue growth. Describe how Fitness Fanatic exemplifies the “opportunity seeking” dimension of value creation.
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Question 5 – Integrated Freight utilizes artificial intelligence to route freight across multiple carriers and modalities (e.g. train versus truck). The result is that Integrated Freight is able to reduce long distance freight costs by an average 20%. Describe how Integrated Freight exemplifies the “efficiency seeking” dimension of value creation.
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