Which of the following is the best example of land?
A) The ethanol refined from corn.
B) A factory that produces new goods and services.
C) The water used to make a soft drink.
D) A barber's chair.
Correct Answer:
Verified
Q12: Economics can be defined as the study
Q13: The "guns versus butter" dilemma that all
Q14: With respect to factors of production,which of
Q15: Given that resources are scarce,
A)A "free lunch"
Q16: Which of the following is not a
Q18: In economics,scarcity means that
A)A shortage of a
Q19: Factors of production are
A)Scarce in every society.
B)Scarce
Q20: The opportunity cost of studying for an
Q21: The production possibilities curve illustrates
A)The limitations that
Q22: Which of the following events would allow
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents