Which of the following correctly lists the categories of factors of production?
A) machines, buildings, land, and money
B) hardware, software, land, and money
C) capital, money, and labor
D) owners, workers, and consumers
E) land, labor, capital, and entrepreneurship
Question 2
The median voter theorem will be an accurate predictor of the outcome of elections
A) when a majority of voters have preferences very similar to those of the median voter.
B) when a majority of voters have preferences very different from those of the median voter.
C) regardless of whether preferences among voters are similar to or different from those of the median voter.
D) only when voter turnout is very low.
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