0. Basic Principles of Economics

What does the concept of resource immobility imply in the context of factors of production?

Which two factors contributed most to the growth of the cattle business in the United States during the late 19th century?

Which of the following is an economic characteristic of real property?

Which of the following is a way a nation's government can invest in human capital?

Which of the following will most likely promote long-run economic growth?

Which of the following natural resources was most essential for supporting the process of industrialization during the 18th and 19th centuries?

When making a location decision at the region or community level, which factor of production is most likely to be influenced by local infrastructure and access to transportation?

Which of the following best describes the difference between the factor market and the product market?

Which of the following statements best describes the relationship between output-per-worker and capital-per-worker?

How does fresh water differ from coal as a resource in the context of factors of production?

Which of the following is NOT considered an economic resource (factor of production)?

Which of the following best describes how Graeter’s owners have used the four factors of production to build their business over time?

If the marginal product of labor per dollar spent (mplw) is greater than the marginal product of capital per dollar spent (mpkr), to minimize costs, the firm should use:

During the Industrial Revolution, which of the following best describes the economic meaning of 'capital' as a factor of production?

When employers hire an independent contractor, they usually spend money on: