Multiple Choice
Which of the following is bought and sold in factor markets?
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0. Basic Principles of Economics
Factors of Production
Back0. Basic Principles of Economics
Factors of Production
- Multiple ChoiceSomeone taking a course in web design is primarily affecting which factor of production?25views
- Multiple ChoiceWhich type of economy typically offers uniformity in wages regardless of individual productivity?26views
- Multiple ChoiceWhen deciding to add capacity to a factory, which of the following need not be considered?31views
- Multiple ChoiceWhich of the following statements regarding factor conditions in Porter's Diamond Framework is true?30views
- Multiple ChoiceWhy might higher interest rates deter a firm from building a new factory?36views
- Multiple ChoiceIn the context of factors of production, activity rates are determined by which of the following?35views
- Multiple ChoiceWhich of the following is an example of a capital good?43views
- Multiple ChoiceEducated people may generate ideas that increase production. These ideas are best classified as which factor of production?27views
- Multiple ChoiceWhich of the following is the most likely example of a production industry?41views
- Multiple ChoiceOne consequence of automation is that producers need fewer:38views
- Multiple ChoiceWhich of the following factors affects the demand for loanable funds?35views
- Multiple ChoiceWhich of the following is an example of a capital resource?27views
- Multiple ChoiceA sudden drop in the average consumer income would be an example of which environmental force affecting the factors of production?43views
- Multiple ChoiceWhich of the following is NOT an example of a factor of production?35views