Multiple Choice
Factors of production include
A) the economic system.
B) land, labor, capital and entrepreneurship.
C) labor and capital (not land, which is fixed) .
D) only capital, land, and labor.
Correct Answer:

Verified
Correct Answer:
Verified
Q188: Scarcity applies to both the rich and
Q189: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The slope of
Q190: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above,
Q191: Suppose that the government of New York
Q192: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The slope in
Q194: Which of the following is a normative
Q195: A positive statement is<br>A) about what ought
Q196: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q197: Because we face scarcity, every choice involves<br>A)
Q198: Today, Julie attended her 12:30 Economics class.