Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The four factors of production are Question 1 options: labour, capital, entrepreneurship, and land productive factors, neutral factors, entrepreneurial factors, and nonproductive factors machines, factories,

The four factors of production are Question 1 options: labour, capital, entrepreneurship, and land productive factors, neutral factors, entrepreneurial factors, and nonproductive factors machines, factories, buildings, and farms Question 2 (1 point) Consider the factors of production. The price in ________ market is a rental rate. Question 2 options: a capital services a housing a capital Question 3 (1 point) Coal is an example of Question 3 options: a renewable natural resource a public resource a nonrenewable natural resource Question 4 (1 point) Water from the Mackenzie River is an example of Question 4 options: capital a natural resource that can be used repeatedly a nonrenewable natural resource Question 5 (1 point) Natural resources that are depleted as they are used Question 5 options: should be used for only highly valued purposes should not be used are called nonrenewable natural resources

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

8th Edition

1305971507, 9781305971509

More Books

Students also viewed these Economics questions