Traditional economics recognizes four broad categories or factors of production. These include:
A) land, natural resources, labor, entrepreneurship.
B) land, technology, labor, capital.
C) land, labor, capital, entrepreneurship.
D) land, capital, entrepreneurship, and natural resources.
Correct Answer:
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Q2: What are the three main markets that
Q3: In the neoclassical view of the macroeconomy,
Q4: In the neoclassical view of the macroeconomy,
Q5: In the neoclassical view of the macroeconomy,
Q6: According to conservative economists, involuntary unemployment
A) does
Q7: Say's law was developed
A) by John Maynard
Q8: According to Say's law, a lack of
Q9: Which of the following is a statement
Q10: In the classical version of the circular
Q11: In the classical version of the circular
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