The "gifts of nature" are included as part of which factor of production?
A) labor
B) land
C) capital
D) entrepreneurship
B
You might also like to view...
Which of the following will create the largest increase in the money supply?
A. the Federal Reserve sells bonds and the banks choose to hold more excess reserves B. the Federal Reserve buys bonds and the banks choose to hold less excess reserves C. the Federal Reserve buys bonds and the banks choose to hold more excess reserves D. the Federal Reserve sells bonds and the banks choose to hold less excess reserves
You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time
A. is zero. B. is the value of the alternative use of the time you spend playing the game. C. is one-half the cost of the game, as this is the second time you have played it. D. cannot be calculated.
In the 1990s
A) growth of M1 was more stable than growth of nominal GDP, and velocity soared through most of the period. B) growth of nominal GDP was more stable than growth of M1, and velocity soared through most of the period. C) growth of M1 was more stable than growth of nominal GDP, and velocity plummeted through most of the period. D) growth of nominal GDP was more stable than growth of M1, and velocity plummeted through most of the period.
Western expansion contributed to U.S. growth and development of the economy by
(a) privately mobilizing idle natural resources and land. (b) placing land in the hands of the public, with no private rights. (c) having government officials set land prices. (d) all of the above.