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Author Question: Which of the following are considered factors of production used to produce goods and services? ... (Read 80 times)

Bob-Dole

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on: Jun 29, 2018
Which of the following are considered factors of production used to produce goods and services?
 
  I. Land
  II. Labor
  III. Capital
  IV. Entrepreneurship
  A) I and II only
  B) I and III only
  C) I, II and III only
  D) I, II, III and IV

Question 2

In the above figure, the short-run aggregate supply curve is SAS1. If the money wage rate increases, there is
 
  A) an upward movement along SAS1.
  B) a downward movement along SAS1.
  C) a shift to SAS0.
  D) a shift to SAS2.


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Yixagurpuldink

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Bob-Dole

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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