Which of the following is not a factor of production?
A) A psychiatrist.
B) The $100,000 used to start a new business.
C) A bulldozer.
D) Six thousand acres of farmland.
Correct Answer:
Verified
Q6: Which economist argued that free markets unleashed
Q8: The role of the entrepreneur in an
Q9: The basic factors of production include
A)Land,labor,money,and capital.
B)Land,labor,money,and
Q10: The opportunity cost of studying for an
Q13: The "guns versus butter" dilemma that all
Q14: Capital,as economists use the term,refers to
A)The money
Q15: Given that resources are scarce,
A)A "free lunch"
Q15: In economics, scarcity means that
A) A shortage
Q19: Factors of production are
A)Scarce in every society.
B)Scarce
Q20: Opportunity cost is
A)Measured only in dollars and
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