Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following items are not factors of production? Explain why not. Item a: Vans used by a baker to deliver bread Item b

Which of the following items are not factors of production? Explain why not.
Item a: Vans used by a baker to deliver bread
Item b:1,000 shares of
Amazon.com stock
Item c: Undiscovered oil in the Arctic Ocean
Item d: A bulldozer
Item e : A soda
Item f. The Attorney General
A. Item f because the Attorney General has many assistants.
B. Items a,d, and f because they are productive resources used to produce goods and services - land, labor, capital, or
C. Item b because it is just a piece of paper and item c because it isn't available to produce goods and services. All other of production.
D. Item e only because it is a consumption good.
E. Items b,c, and e because they are not productive resources used to produce goods and services-land, labor, capita
image text in transcribed

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

ISE Project Management The Managerial Process

Authors: Erik W. Larson, Clifford F. Gray

8th Edition

1260570436, 978-1260570434

More Books

Students also viewed these General Management questions

Question

What the theory of knowledge deals with?

Answered: 1 week ago

Question

What is the basic features of Plato soul......?

Answered: 1 week ago

Question

Term also regard to God......?

Answered: 1 week ago

Question

Poetic deals primarily with what genre......?

Answered: 1 week ago

Question

The work we call physics is more properly described what...?

Answered: 1 week ago