Multiple Choice
An employee's initial wage rate is determined by which of the following factors?
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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 requires the least amount of land and water per kilogram of protein produced?47views
- Multiple ChoiceWhich of the following lists correctly identifies the four factors of production in economics?36views
- Multiple ChoiceWhich of the following is NOT considered a factor of production when deciding how to make goods and services?55views
- Multiple ChoiceGenerally, _____________ you receive, the higher your lifetime earnings will be.60views
- Multiple ChoiceWhich of the following is an example of labor specialization?42views
- Multiple ChoiceA corn farm, a coal mine, and a fishing company are all part of the _________ industry.49views
- Multiple ChoiceWhich of the following lists correctly identifies the four factors of production in economics?37views
- Multiple ChoiceProcessing of computer information is an example of which sector of the economy?53views
- Multiple ChoiceWhy are capital goods considered limited in an economy?57views
- Multiple ChoiceImprovements in the productivity of labor will tend to:80views
- Multiple ChoiceThe people who work to produce goods and services are known as:52views
- Multiple ChoiceWhich of the following best describes the role entrepreneurs play in the economy?44views
- Multiple ChoiceCareful control of a firm's ______ allows it to maintain correct levels of stock and product.48views
- Multiple ChoiceWhich of the following is an advantage of a firm in organizing economic activity?43views