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?25views
- Multiple ChoiceWhich of the following lists correctly identifies the four factors of production in economics?19views
- Multiple ChoiceWhich of the following is NOT considered a factor of production when deciding how to make goods and services?37views
- Multiple ChoiceGenerally, _____________ you receive, the higher your lifetime earnings will be.31views
- Multiple ChoiceWhich of the following is an example of labor specialization?26views
- Multiple ChoiceA corn farm, a coal mine, and a fishing company are all part of the _________ industry.26views
- Multiple ChoiceWhich of the following lists correctly identifies the four factors of production in economics?23views
- Multiple ChoiceProcessing of computer information is an example of which sector of the economy?34views
- Multiple ChoiceWhy are capital goods considered limited in an economy?37views
- Multiple ChoiceImprovements in the productivity of labor will tend to:54views
- Multiple ChoiceThe people who work to produce goods and services are known as:32views
- Multiple ChoiceWhich of the following best describes the role entrepreneurs play in the economy?26views
- Multiple ChoiceCareful control of a firm's ______ allows it to maintain correct levels of stock and product.30views
- Multiple ChoiceWhich of the following is an advantage of a firm in organizing economic activity?27views