Factors of production do not include
a. land
b. labor
c. money
d. capital
e. entrepreneurship
C
You might also like to view...
Long-run economic profits would most likely exist in which market structure?
A) monopoly, monopolistic competition, and oligopoly B) monopoly and monopolistic competition C) monopoly only D) monopoly and oligopoly
Consumer surplus occurs whenever the consumer pays a price
a. equal to marginal revenue. b. less than the consumer is willing to pay. c. less than marginal cost. d. equal to or less than average total cost.
According to the benefit principle, the Social Security payroll tax is _____. According the ability-to-pay principle, the Social Security payroll tax is _____
a. equitable; equitable b. equitable; inequitable c. inequitable; equitable d. inequitable; inequitable
Traveler's checks are included in
a. M1 but not M2. b. M2 but not M1. c. M1 and M2. d. neither M1 nor M2.