Multiple Choice
The resources needed to provide goods or services are called:
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0. Basic Principles of Economics
Factors of Production
Back0. Basic Principles of Economics
Factors of Production
- Multiple ChoiceWhy do firms assess their sourcing capabilities when considering the factors of production?34views
- Multiple ChoiceWhich of the following is an example of a factor of production?39views
- Multiple ChoiceAn improvement in production technology will most likely:45views
- Multiple ChoiceWhich of the following economic conditions can affect career opportunities related to the factors of production?35views
- Multiple ChoiceSimply put, what term refers to the economic resources of a company?29views
- Multiple ChoiceMale drivers under 25 are charged for insurance at a higher rate because:37views
- Multiple ChoiceWhich of the following is another term for 'factors of production'?40views
- Multiple ChoiceWhich of the following lists correctly identifies the four factors of production in economics?22views
- Multiple ChoiceWhich of the following will be accomplished by efficient allocations of the factors of production?31views
- Multiple ChoiceSuppose that a small company is considering building new manufacturing plants. Which factor of production is most directly associated with the construction of these plants?29views
- Multiple ChoiceWhich two major types of agents are commonly used by producers in the context of factors of production?12views
- Multiple ChoiceWhich of the following activities is NOT considered an input in the production process?21views
- Multiple ChoiceWhich of the following is an example of capital as a factor of production?30views
- Multiple ChoiceRefer to Figure 13-1. As the number of workers increases, which of the following is most likely to occur in the short run?42views