Multiple Choice
Traditional economics recognizes four broad categories or factors of production. These include:
A) land, natural resources, labor, entrepreneurship.
B) land, technology, labor, capital.
C) land, labor, capital, entrepreneurship.
D) land, capital, entrepreneurship, and natural resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In the classical version of the circular
Q4: According to conservative economists, involuntary unemployment<br>A) does
Q5: What are the three main markets that
Q6: In the classical version of the circular
Q7: Which of the following is true of
Q9: In the neoclassical view of the macroeconomy,
Q10: In the neoclassical view of the macroeconomy,
Q11: In the neoclassical view of the macroeconomy,
Q12: The assumption that all savings out of
Q13: According to conservative economists, how does the