Author Question: Consider the following list: a worker with training in video gaming technology, 10 hectares of ... (Read 22 times)

kms5229 · **on:** Oct 12, 2022

Question 1

With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.

FIGURE 1-2

Refer to Figure 1-2. What is the price of a textbook in this example?

◦ $100
◦ $250
◦ $25
◦ $50
◦ $40

Question 2

Consider the following list: a worker with training in video gaming technology, 10 hectares of arable land in southern Ontario, a fishing trawler in Nova Scotia, an ice-cream truck at a park in Quebec. Each of these is an example of
◦ goods and services.
◦ an economic service.
◦ a factor of production.
◦ a capital resource.
◦ a commodity.

labrinker · **Reply #1 on:** Oct 12, 2022

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