The resources that firms use in? production, including? land, buildings, and? equipment, are called

A. Factors
B. Factor markets include all the resources firms use in their production
C. Capital, land, buildings
D. To produce out put


Answer: A. Factors

Economics

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If you left $2,500 on deposit with a bank promising to pay you a 5 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:

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If consumers spend their income either on gasoline or food, then an increase in the price of gasoline rotates the budget line

A) inward along the "food" axis. B) outward along the "food" axis. C) inward along the "gasoline" axis. D) outward along the "gasoline" axis.

Economics

Buffalo Wild Wings CEO Sally Smith decided to spend more than $200 million on restaurant renovations in an attempt to attract more lunch customers and more families

Like CEOs of other monopolistically competitive firms, Smith knew that without innovating A) her firm would become perfectly competitive. B) her firm had no chance of remaining in business. C) her firm would eventually earn an accounting profit of zero. D) her firm's profits would eventually be competed away by other firms.

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Social security benefits have exceeded/will exceed payroll taxes starting in

A. 2005. B. 2010. C. 2020. D. 2030.

Economics