Please help me choose the correct answers as soon as possible, thanks. Question 2 4 pts Each
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Please help me choose the correct answers as soon as possible, thanks.
Question 2 4 pts Each of the following is a factor of production (resource, input) except O entrepreneurship. O afarmer. O water. O the government. (O machinery in a factory. Question 5 4 pts According to Adam Smith's Invisible Hand Theory involving specialization and division of labor, (O People specialize where opportunity costs are at a maximum. (O People specialize where their opportunity costs are lowest. (O People do not specialize. (O People specialize in the activity that pays the highest wage. (O People specialize in the activity that they enjoy the most, no matter what the salary is. Question 8 4 pts Which of the following will not cause an outward shift in the demand curve for steaks at the supermarket? O . Areport by the American Medical Association concluding that the consumption of a 4 ounce steak at least three times a week reduces the risk of cardiovascular disease. () Adoubling of the price of chicken. (O The price of steaks is cut in half. (O A doubling of income levels. (O The expectation that the price of steaks will double within two months
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