The main reason U.S. farmers can produce more than farmers in China is that they
A) have more land.
B) have more capital.
C) have more labor.
D) are better trained.
Correct Answer:
Verified
Q3: The government performs each of the following
Q7: In the circular flow model,businesses
A)demand both products
Q11: A socialist economy is characterized by
A)an extensive
Q15: Which statement was coined by Adam Smith?
A)By
Q16: The role of _ in the production
Q18: Hitler's Germany was an example of a
Q19: The invisible hand is
A)Perfect competition.
B)The profit motive.
C)Government
Q22: Who said,"It is not the employer who
Q22: The nation closest to a centrally planned,
Q32: Which economic system is usually associated with
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