0. Basic Principles of Economics

Which of the following lists correctly identifies the four main factors of production in economics?

Economic factors in decision making fall under the category of __________.

Which of the following correctly arranges the types of economies from least government involvement to greatest government involvement?

In the context of factors of production, what two requirements of supply must someone meet to be considered a producer?

Which of the following best describes 'capital' as a factor of production?

In the context of factors of production, how does the control of resources differ between a market economy and a command economy?

Which statement about economic resources is accurate?

Which of the following would NOT be considered a capital resource by economists?

Which of the following is NOT considered a factor that affects worker productivity?

Which of the following is the case where capacity is measured in terms of inputs?

An employee's initial wage rate is determined by which of the following factors?

Which of the following requires the least amount of land and water per kilogram of protein produced?

Which of the following lists correctly identifies the four factors of production in economics?

Which of the following is NOT considered a factor of production when deciding how to make goods and services?

Generally, _____________ you receive, the higher your lifetime earnings will be.