Multiple Choice
Suppose that a small company is considering building new manufacturing plants. Which factor of production is most directly associated with the construction of these plants?
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1. Introduction to Microeconomics
Factors of Production
Back1. Introduction to Microeconomics
Factors of Production
- Multiple ChoiceWhich two major types of agents are commonly used by producers in the context of factors of production?130views
- Multiple ChoiceWhich of the following activities is NOT considered an input in the production process?115views
- Multiple ChoiceWhich of the following is an example of capital as a factor of production?189views
- Multiple ChoiceRefer to Figure 13-1. As the number of workers increases, which of the following is most likely to occur in the short run?195views
- Multiple ChoiceWhat is most likely to happen to businesses that lack capital as a factor of production?128views
- Multiple ChoiceWhich of the following is an example of a capital resource?199views
- Multiple ChoiceThe people who perform jobs and tasks are part of which factor of production?205views
- Multiple ChoiceWhich of the following is NOT one of the four broad categories of factors of production?123views
- Multiple ChoiceWhich term refers to all of the people who are willing and able to work in an economy?168views
- Multiple ChoiceWhich of the following is considered a man-made resource in the context of factors of production?141views
- Multiple ChoiceWhich factor of production determines who a society will produce goods and services for?166views
- Multiple ChoiceWhich of the following are factors that typically motivate entrepreneurs as they start a business?155views
- Multiple ChoiceEconomic sectors are determined based on which of the following criteria?146views
- Multiple ChoiceRicky wants to start a farm and grow wheat. Considering the factors of production, which location would be the best choice for him to relocate?144views