Multiple Choice
Which of the following is an example of labor specialization?
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0. Basic Principles of Economics
Factors of Production
Back0. Basic Principles of Economics
Factors of Production
- Multiple ChoiceWhich of the following is a labor resource?35views
- Multiple ChoiceIn the context of factors of production, what role do entrepreneurs play in the economic decisions a society makes?30views
- Multiple ChoiceFarms, mines, and lumber companies are examples of which factor of production?33views
- Multiple ChoiceThe decision-making unit of a purchasing organization is called its ________.21views
- Multiple ChoiceWhich of the following is a limitation of the factors of production?23views
- Multiple ChoiceIn the context of factors of production, which channel member is primarily responsible for making the product?20views
- Multiple ChoiceWhich of the following is NOT considered a factor of production in economics?32views
- Multiple ChoiceWhich factor of production most negatively affected open range cattle ranching in the late 19th century?29views
- Multiple ChoiceWhich of the following is most directly affected by the factors of production?27views
- Multiple ChoiceWhich factor of production is most commonly cited as the primary reason for differences in living standards across countries?20views
- Multiple ChoiceWhich of the following is an example of a land resource?39views
- Multiple ChoiceWhich of the following is an example of human capital?40views
- Multiple ChoiceWhich of the following transactions would take place in the resource market?35views
- Multiple ChoiceWhich of the following is NOT considered one of the four main factors of production in economics?25views