In economics, which of the following is considered part of "land"?
a. A 500 acre forest
b. bauxite deposits.
c. underground pools of crude oil.
d. All of the above except a. are included in the category, "land.".
d
You might also like to view...
In an economy with no government and no international trade, consumption expenditures will be less than the total value of goods and services when
A) people save some of their income. B) people barter rather than use money in making exchanges. C) saving is zero. D) investment is zero.
The experience of the Soviet Union proves that higher education
a. always leads to productivity increases. b. always raises per capita GDP growth. c. has different effects. d. has positive effects.
The rate of growth of output per capita for the United States and France between 1985 and 2014 has been caused by
A) the rate of technological progress. B) the saving rate. C) the accumulation of capital. D) the rate of growth of N.
The diagram portrays:
A. a competitive firm that should shut down in the short run.
B. the equilibrium position of a competitive firm in the long run.
C. a competitive firm that is realizing an economic profit.
D. the loss-minimizing position of a competitive firm in the short run.