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An income tax credit for purchasing an item (A tax credit is money you receive from the government for undertaking an action) is: 1. A

An income tax credit for purchasing an item (A tax credit is money you receive from the government for undertaking an action) is: 1. A positive personal incentive 2. A negative personal incentive 3. A productive resource 4. An opportunity cost An income tax credit for purchasing an item (A tax credit is money you receive from the government for undertaking an action) is: 1. A positive personal incentive 2. A negative personal incentive 3. A productive resource 4.An opportunity cost Which of these combinations Best represents BOTH physical AND human capital/investment for a Company / Firm ? 1. Giving cash bonuses, and building a new factory 2. Cutting production, and training workers with new skills 3. Buying new equipment and technology, and educating workers on use 4. Hiring new employees Which of the following pairs represents PHYSICAL capital? 1. Factory building and the workers 2. The business logo on the sign and Colonel Sanders at Kentucky Fried Chicken 3. The new computer system and bandwidth purchased by the business 4. New training and daycare programs for employees A company that purchases new computers is investing in which factor of production? a. physical capital b. human capital c. labor d.entrepreneurship List and DEFINE/EXPLAIN and GIVE EXAMPLE of the 4 Factors of Production/Productive Resources. Be sure and explain the 2 parts for Capital Possible Example Answer Set Up Factors of Production 1. 2. 3. Capital a. b . 4

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