Resources and Factors of Production
Of the given words, the term most synonymous along with the term “factor of production” is: (i) technology. (ii) innovation. (iii) entrepreneur. (iv) capital. (v) resource. Please guys help to solve this problem of economics with some explanation.
Of the given words, the term most synonymous along with the term “factor of production” is: (i) technology. (ii) innovation. (iii) entrepreneur. (iv) capital. (v) resource.
Please guys help to solve this problem of economics with some explanation.
Illustrations of scientifically positive statements would comprise the assertion that: (i) executing jaywalkers and atheists will enhance the morality of average Americans. (ii) racial prejudice and violent criminal acts are symptoms of dysfunctional
Please help me to solve the problem of normative economics that is given below: Normative economic hypotheses would contain the statement which: (i) Earth consist of five moons composed of blue che
When Farmer MacDonald decides to plant a field complete of rutabagas, the economic capital involved within such crop production process would consist of the: (i) tractor he rides. (ii) land he farms. (iii) physical effort he puts into farming. (iv) money invested from
By using knowledge and/or technology to apply energy to change materials, thereby making the materials more precious is: (w) production. (x) demand. (y) a total cure for scarcity. (z) economically profitable. Can someone clarify/he
The three basic economic questions do NOT include: (w) What?, (x) For whom?, (y) Where? and (z) How? Can someone explain me with about above problem of fundamental economic concept...
NO economic reform could probably: (w) remove scarcity. (x) decrease the average costs of production. (y) abolish equality in income distribution. (z) increase wages for most workers. How can I solve my eco
Hello guys I need your advice. Please suggest some views for following economics problems that what are labor resources of society: (i) Identical along with its population, (ii) The mental and physical talents people make obtainable f
Choosing NOT to spend the additional money required to enhance the safety of a dangerous traffic intersection is an illustration of: (v) macroeconomic policy decisions. (w) positive economics. (x) how society assigns prices to human lives. (y) economic inefficiency. (
Economic scarcity: (w) will eventually be removed by technological progress. (x) is synonymous along with an economic shortage. (y) cannot exist within a market economy. (z) will exist as long as human needs exceed the goods we can produce using our r
A new theory evolves within common sense only after this is determined: (1) Helpful through extensive testing. (2) Within conformity along with Newtonian mechanics and Occam's razor. (3) To contain relatively only some exceptions. (4) Acceptable through the Institute
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