Which of the following are factors of production?
a. The outputs generated by the production process transforming land, labor, and capital in to goods and services.
b. Restricted to the land resources such as natural resources that are unimproved by human economic activity.
c. Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).
d. Just labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.
c
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Refer to Figure 8.1. The Nash equilibrium is found where Charla plays ________ and where Mirna plays ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
QN=61 (17780) In 2007, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2007, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company's inventory at the end of 2007. The transactions just described contribute how much to GDP for 2007?
a. $4.5 million b. $6 million c. $6.5 million d. $8 million
From 2000 to 2001, the U.S. economy's annual growth rate slowed down abruptly.
Answer the following statement true (T) or false (F)
Graphically illustrate and explain the effects of an increase in the rate of depreciation (?) on the Solow growth model. In your graph, clearly label all curves and equilibria
What will be an ideal response?