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Factors of production
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Questions (191)
List the factors of production that an entrepreneur must facilitate in a free-enterprise market.
(1 point) labor and capital
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Societal constructs that determine how goods and services are used and owned are known as
which of the following? (1 point)
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What are the four factors of production
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What are the factors of production
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A nation can increase its production possibilities by:
shifting resources from investment good production to consumer good
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How does human capital differ from physical capital? (1 point)
Human capital is the knowledge and skill to create a product, and
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A factor of production is the same as:
the amount of a good produced. the price of a good. an opportunity cost. a resource.
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Land, machines, tools, labor (workers), and new businesses are all what?
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The three main questions that you have to answer to build an economy are ____ to produce ____ to produce it, and for ____ it
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Joshua owns a small business selling bagels. He kn
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Iron, minerals, coal and plants are examples of which factor of production?
A. Entrepreneurship B. Land C. Capital D. Labour
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The resources needed to produce goods and services (land, labor, and capital) is the ___.
The process of developing machine
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Glenn Logan Wilken gbhs
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The American automobile industry developed in Michigan primarily as a result of which site factor?
(1 point) Responses land land
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hahahaha
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Labor, land, and capital combined determine
(1 point) Responses the price of a manufacturer’s goods. the price of a
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hahahaha
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How are capital resources used in production?
(1 point) • They allow producers better access to world markets. • They make it
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Think about a good or a service you could produce in the future. This might be something you already make, something related to
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How are capital resources used in production?
(1 point) They allow producers • better access to world markets. They make it
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Lady
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How are capital resources used in production?
(1 point)
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How are capital resources used in production?
a. They allow producers better access to world markets. b. They make it possible to
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specialization most helps producers by growing what?
consumer demand labor productivity prices of goods levels of trade
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ariianqtor
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How are capital resources used in production?
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How does specialization help producers?
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)Responsescapital capital
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T.S.
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Capital widening refers to
a situation where capital replaces labour in the production process. a situation where the capital to
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How can a community manage its factors of production to ensure continued availability of labor? (1 point)
A. prevent waterways
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)
Responses resources
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How do improvements in technology and human capital influence productivity, economic growth, and standard of living within an
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hunny
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)
Responses capitalism
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The reward for an entrepreneur as a factor of production is
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Desi Brown
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The reward for an entrepreneur as a factor of production is
A. Commission B. Interest C. Profit D. Rent E. Salary
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Desi Brown
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)
Responses capital capital
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In resource markets, households receive income in the form of interest in exchange for what factor of production?(1 point)
Respon
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In resource markets, households receive income in the form of interest in exchange for what factor of production?(1 point)
Respon
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How can a community manage its factors of production to ensure continued availability of labor? (1 point)
• create an
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Name 4 factors of production
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)
Responses resources land
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Upon investigation, which factor of production grew in prominence due to industrialization?(1 point)
Responses capitalism
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In the circular flow diagram, what do firms receive from product markets?(1 point) Responses goods and services goods and
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Identify, investigate and define production processes (what to produce? who will produce?) and its factors (land, labor, capital
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Land, labour, capital and employment are known as society's:
A. Financial and capital investment. B. Man-made resources. C.
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Land, labour, capital and employment are known as society's what?
A. Financial and capital investment. B. Man-made resources. C.
11 answers
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Which of the 4 factors of production falls under financial and capital investment?
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Parent Categories (24)
Basic Economics Concepts
Business
Circular Flow Diagram
Circular Flow Model
Circular flow of economic activity
Circular Flow of Income
Economic principles
Economics
Economics concepts
Economics or Industries
Entrepreneurship
Heckscher-Ohlin Theorem
Knowledge and expertise
Labor
Labor Management
Macro-economics
Macroeconomics
Market Systems
Markets
Microeconomics
Production
Production Processes
Resource Markets
Resources