Homework Answers
The inputs of production that are a result of geographical location of production process like land, water, mineral ores are collectively termed as natural resources.
Hence, option (c) natural resources is correct.
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Question 10 4 pts The inputs into production of goods and services that are provided by...
O As the price is lowered, the quantity demanded of rooms will decrease Question 22 4...
O As the price is lowered, the quantity demanded of rooms will decrease Question 22 4 pts Inputs are: O goods that are used together. O goods that are used in place of one another. O goods that you demand more of as your income increases. O goods that you demand less of as your income increases O resources that firms use in the production of final goods and services Question 23 4 pts A technological advancement for Good A...
14. Which of the following statements is false? A. Capital consists of produced goods that can...
14. Which of the following statements is false? A. Capital consists of produced goods that can be used as inputs for further production. B. The terms resources, inputs, and factors of production are synonyms. C. Labor consists of the physical, but not mental, talents of people who contribute to th production process. D. Entrepreneurship is one of the four categories of resources. E. The resource category land includes natural resources, such as minerals, forests, wat unimproved land.
The globalization of production of goods and services is largely the result of: Multiple Choice None...
The globalization of production of goods and services is largely the result of: Multiple Choice None of the options. the depletion of home country natural resources. multinational corporations' efforts to source inputs and locate production wherever costs are lower and profits higher. the unfettered movement of highly skilled labor across national boundaries. the global homogenization of consumer tastes for goods and services.
Economists classify resources, or factors of production, into four general categories. Take a look at the...
Economists classify resources, or factors of production, into four general categories. Take a look at the statements about resources below. Determine whether each statement is true or false and drag the appropriate label into each box. rue 1. The resource category "land" refers to all natural resources including fertile land, forests, mineral deposits, solar and wind energy, and water. False 2. The resource category "labor" refers to the mental and physical productivity of workers. 3. The resource category capital" refers...
Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods...
Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of documents one worker prints per hour. In the following table, match each example to the productivity determinant it represents. Examples Human Capital Natural Resource Physical Capital Technological Knowledge A method of coating the paper that goes through the printing presses and significantly reduces paper jams The presses used to print documents...
ns 008.18.0-MC- MANKOS The inputs used to produce goods and services are called | 0 a....
ns 008.18.0-MC- MANKOS The inputs used to produce goods and services are called | 0 a. profit factors. o b. marginal products. O c. labor demands. O d. factors of production.
10. Which of the following would by itself. reveal the most about a. Its level of...
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
1.The one variable that stands out as the most significant explanation of large variations in living...
1.The one variable that stands out as the most significant explanation of large variations in living standards around the world is a. productivity. b. population. c. preferences. d. prices. 2. Productivity is defined as a. the amount of difficulty that is involved in producing a given quantity of goods and services. b. the quantity of labor that is required to produce one unit of goods and services. c. the quantity of goods and services produced from each unit of labor...
QUESTION 34 2 points S. Suppose an economy's natural rate of unemployment is 5%. If the...
QUESTION 34 2 points S. Suppose an economy's natural rate of unemployment is 5%. If the actual rate of unemploymentis 9%, that economy's labor force is QUESTION 35 2 points SE Factors that influence productivity and therefore growth are: (Choose all that apply) increased consumption and less investment spending increases in physical capital per worker technological advances increases in human capital per worker QUESTION 39 Government spending on education contributes directly to: total factor productivity. the supply of natural resources...
2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this...
2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of garments one weaver makes per hour. In the following table, match each example to the productivity determinant it represents. Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge The accumulated weaving experience of the workforce A special technique that workers...
O As the price is lowered, the quantity demanded of rooms will decrease Question 22 4 pts Inputs are: O goods that are used together. O goods that are used in place of one another. O goods that you demand more of as your income increases. O goods that you demand less of as your income increases O resources that firms use in the production of final goods and services Question 23 4 pts A technological advancement for Good A...
14. Which of the following statements is false? A. Capital consists of produced goods that can be used as inputs for further production. B. The terms resources, inputs, and factors of production are synonyms. C. Labor consists of the physical, but not mental, talents of people who contribute to th production process. D. Entrepreneurship is one of the four categories of resources. E. The resource category land includes natural resources, such as minerals, forests, wat unimproved land.
Economists classify resources, or factors of production, into four general categories. Take a look at the statements about resources below. Determine whether each statement is true or false and drag the appropriate label into each box. rue 1. The resource category "land" refers to all natural resources including fertile land, forests, mineral deposits, solar and wind energy, and water. False 2. The resource category "labor" refers to the mental and physical productivity of workers. 3. The resource category capital" refers...
ns 008.18.0-MC- MANKOS The inputs used to produce goods and services are called | 0 a. profit factors. o b. marginal products. O c. labor demands. O d. factors of production.
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
QUESTION 34 2 points S. Suppose an economy's natural rate of unemployment is 5%. If the actual rate of unemploymentis 9%, that economy's labor force is QUESTION 35 2 points SE Factors that influence productivity and therefore growth are: (Choose all that apply) increased consumption and less investment spending increases in physical capital per worker technological advances increases in human capital per worker QUESTION 39 Government spending on education contributes directly to: total factor productivity. the supply of natural resources...
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