0. Basic Principles of Economics

Which of the following statements about factors of production is the most accurate?

The long-run monetary benefits of doing business in a country are most influenced by the:

Which of the following is typically considered the largest contributor to long-term productivity growth in an economy?

Improvements in the productivity of labor will tend to:

Increases in human capital can be achieved by which of the following?

Which of the following is NOT considered a factor of production?

In the context of factors of production, what is the primary role of producers in an economy?

An increase in input prices will result in which of the following?

Which of the following is NOT one of the four main categories of economic resources (factors of production)?

If a specific economy has extra capital resources available, it will most likely:

When the cost to replace a supplier is high, how can a lead firm most effectively improve the supplier's performance?

Which sector is generally considered to use labor most efficiently, measured by output per worker?

Which term refers to the creation of finished goods and services using the factors of production?

Which outcome is most likely when producers engage in specialization?

In which of the following ways do capital goods differ from consumer goods?