The basic factors of production include
A. Land, labor, money, and inputs.
B. Land, labor, capital, and entrepreneurship.
C. Labor and money.
D. Land, labor, money, and capital.
Answer: B
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Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________
A) men; men B) men; women C) women; men D) women; women
The Coase theorem deals with the problem of pollution by
A) giving the government regulatory power over polluters. B) making all polluters stop polluting. C) establishing and enforcing private property rights. D) having the government take over ownership of all polluting processes. E) allowing the government to set the proper emission charge.
The Herfindahl index is the sum of the squared market shares of the four largest firms in an industry
a. True b. False
All of the following are examples of intermediate goods, except:
A. Flour bought by a bakery B. Oven bought by a bakery C. Office supplies bought by an accounting firm D. Gasoline bought by a trucking company