The 4 factors of production are land, labor, capital, and entrepreneurship.
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Q7: Points outside the production possibilities curve are
Q8: If the U.S. reduced its unemployment rate
Q9: If the U.S. is operating at a
Q10: As a factor of production, capital includes
Q11: Entrepreneurship is a special type of labor
Q13: Economists believe people can make better choices
Q14: Economic models are built from words, diagrams,
Q15: A rational person will refrain from taking
Q16: The law of increasing opportunity costs is
Q17: If the supply of resources increases in
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