Multiple Choice
Which of the following is not a factor of production?
A) A psychiatrist.
B) The $100,000 used to start a new business.
C) A bulldozer.
D) Six thousand acres of farmland.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: Why do opportunity costs increase as society
Q20: Scarcity results when available resources cannot satisfy
Q31: Economic models are used by economists to<br>A)Predict
Q37: The opportunity cost of studying for an
Q89: The production possibilities curve illustrates which two
Q92: Microeconomics is concerned with issues such as<br>A)The
Q94: The "guns versus butter" dilemma that all
Q95: Table 1.2 shows the hypothetical trade-off between
Q96: Which of the following is not one
Q97: In economics,scarcity means that<br>A)A shortage of a