Author Question: Which of the following are considered factors of production? I. Land II. Labor III. Physical capital ... (Read 98 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
Which of the following are considered factors of production? I. Land II. Labor III. Physical 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

Entrepreneurs are important to market economies because
 
  A) they engage in risk taking and innovation.
  B) they make up a large portion of low-skilled labor.
  C) they take few risks and thereby, suffer fewer bankruptcies.
  D) they represent the bulk of employment at large corporations.



Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library