The textbook classifies technology as _______ and entrepreneurs as _______ .
A) knowledge; persons who seek profit by finding new ways to organize factors of production
B) capital; labor
C) labor skills; capital
D) a factor of production; a factor of production
Correct Answer:
Verified
Q25: Use the following to answer question(s):
Exhibit:
Q26: Use the following to answer question(s):
Exhibit:
Q27: One of the two criteria for a
Q28: A person who seeks to earn profits
Q29: Who may benefit from technological progress?
A) consumers
B)
Q31: The set of acquired skills and abilities
Q32: The difference between iron ore deposits and
Q33: Knowledge that can be applied to the
Q34: Improvements in technology provide benefits to:
A) consumers,
Q35: Two components of labor are:
A) residential location
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