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 NOT considered one of the four main factors of production in economics?25views
Multiple ChoiceIn the context of factors of production, what economic concept is illustrated when each worker learns one task very well?24views
Multiple ChoiceGovernment investment in human capital is likely to shift which of the following curves in the production process?21views
Multiple ChoiceWhich of the following is NOT considered a factor that affects worker productivity?28views
Multiple ChoiceWhich of the following is an example of factor mobility in the context of factors of production?31views
Multiple ChoiceA clothing manufacturing plant would most likely be classified as which factor of production?35views
Multiple ChoiceWhich of the following is a major disadvantage of organizing economic activity within firms?24views
Multiple ChoiceWhich of the following are necessary ingredients to the buyer's problem in microeconomics?37views
Multiple ChoiceWhich of the following are considered basic types of resources (factors of production) used by producers?20views