True/False
Labor and capital are the only two factors of production.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Which statement is normative?<br>A)The rate of unemployment
Q30: In the factor market,firms buy resources.
Q31: Positive economics:<br>A)describes opinions and perspectives on how
Q32: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q33: Absolute advantage is the basis for gains
Q35: In a single day,Sarah can produce 10
Q36: Economic models are:<br>A)set up and used to
Q37: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q38: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q39: A simplified representation that is used to