Which of the following correctly lists the categories of factors of production?
A) machines, buildings, land, and money
B) hardware, software, land, and money
C) capital, money, and labor
D) owners, workers, and consumers
E) land, labor, capital, and entrepreneurship
E
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Will increased imports of supercomputers for industry promote economic growth?
What will be an ideal response?
The firm in the above figure has a markup of ________ per meal
A) $0 B) $4 C) $8 D) $10 E) more than $10
If the labor supply curve is vertical, an adverse supply shock causes ________ in employment and ________ in the real wage
A) no change, a decrease B) a decrease, a decrease C) a decrease, no change D) a decrease, an increase E) an increase, an increase
Investment spending, in economic terms, includes spending toward physical capital, machinery, new factories, and new housing.
Answer the following statement true (T) or false (F)