Answered: is an example of T OA. Writer Lawrence…

is an example of T OA. Writer Lawrence Hill; labour OB. An airport security guard; entrepreneurship C. Mount Waddington; land OD. A farmer's field; capital

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 17SQ

See similar textbooks

Related questions

Q: Classify each of the following as a movement along or a shift of the production function and provide…

A: Production function shows the relationship between capital per worker and Real GDP generated per…

Q: Please help. Explain each Theory of mercantilism Adam Smith’s Laissez-Faire Theory Karx Marx’s…

A: Theory of Mercantilism : The Mercantilist maintained provided that the way from which any nation…

Q: O A. Pine trees in the great northwestern US forests. B. a table saw used to produce furniture in…

A: Physical capital is called tangible asset and it is used for making product. These assets are man…

Q: What's in the flow? Use the infomation fromyour PowerPoint (week-1) to answer the following…

A: In a resource market, a firm can purchase resources needed to produce a good, i.e., land, labor,…

Q: According to Adam Smith, the butcher, the baker, and the brewer do what they do because of…

A: Adam Smith economic theory: Adam Smith is a philosopher who has given a theory that market tends to…

Q: Which was a theory introduced by Adam Smith? Select one: a. Theory of Population. b. Theory of…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: The source mentions a fourth factor of production: entrepreneurship. In what sense could it be…

A: The practice of identifying possibilities and seeking innovative solutions to satisfy market demands…

Q: A manager asks an employee, "Should we distribute tickets to the concert on a…

A: The basic fundamental economic questions faced by every market system is What to produce, How to…

Q: Adam Smith did not considered ________ as one of the component of production

A: According to the given question The components of the production in economics can be classified into…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: power company decides to use wind turbines to produce energy instead of oil. Which basic economic…

A: Economics is a social science that studies product and service production, distribution, and…

Q: What would NOT be considered a factor of production? O labour O O capital O land stocks

A: Ans. Factors of production are the factors that use in the production process to produce goods and…

Q: Human capital is

A: Human capital is one of the important resources of many countries. Increase in human capital will…

Q: a. The allocation of different jobs to different people is referred to as the of labour. The…

A: The term "division of labour" refers to the practice of breaking down the production process into…

Q: Is organisation a part of factors of production?

A: # Goods and services which are the base of an economy are reffered to be as factor of production.

Q: What are the economic significance of the stages of production

A: In economics, production is defined as a process of combining various inputs to make goods and…

Q: Draw a production possibilities curve and show the impact of high unemployment and low worker…

A: An explanation of the associated trade-offs and opportunity costs is provided by a production…

Q: Which graph depicts a technological breakthrough in the production of Y only

Q: Ismael worked for Abdul until he was able to buy a piece of land where he can develop as…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: Many economist and business leaders feel this is the most important factor in the Factors of…

A: The factors of production are the various types of inputs used in the production of final goods and…

Q: 2. AZW Productions Inc. just announced a bighit show will play at the Grand Theaterin July. Raja…

A: In the two-sector circular flow of income model, there are two sectors- the households and the…

Q: economic system where the market mechanism solves the central economic problems Oa. Market…

A: A Market economy is that economy where economic decisions like production, consumption, distribution…

Q: A teacher is an example of: * an entrepreneur.. O labor. Oland. capital.

A: Factors of production are those which is used in the production process. This includes:- • land •…

Q: Which of the following is a factor of production at a university? electricity Scantron sheets the…

A: Factors of production refer to the inputs needed to create a good or service, and the factors of…

Q: When Main Street Bank buys new automatic teller machines, the quantity of land and natural resources…

A: An individual within the economy who decides to purchase assets can have a direct influence over the…

Q: Which are the three means of factors of production? (

A: There are three main factor of production Land Labour Capital The first basic factor of…

Question

is an example of
OA. Writer Lawrence Hill; labour
B. An airport security guard; entrepreneurship
C. Mount Waddington; land
D. A farmer's field; capital

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Explanation

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

30
Which of the following is an investment in human capital? O A firm engages in on-the-job training. O An individual decides to enroll in a vocational training program. O All of the answers. O The government expands its programs to improve health care.
..
A job is a contract between a and a A. bank; household; capital B. manufacturer; retailer; entrepreneurial C. firm; household; labor OD. bank; firm; capital for providing C services.
A job is a contract between a O A. bank; household; capital OB. manufacturer; retailer; entrepreneurial OC. firm; household; labor OD. bank; firm; capital 2 and a 1₁ for providing services.
11
10. The Beveridge curve is an indicator of:A. The efficiency of the labor marketB. The willingness of workers to supply laborC. The demand for laborD. All of the above
66. Which of the following input factor takes risk, innovates and coordinates А. О Сapital В. Labour C. O Productivity D. O Entrepreneur
Productivity is O A. the value of profit divided by the number of production workers O B. the value of output that a worker generates for each hour of work O C. an indicator of how hard workers apply themselves to their tasks O D. a measure of the speed with which inputs can be transformed into products. Productivity varies across countries because O A. human capital per worker varies substantially from country to country O B. the quantity of physical capital that workers can access varies greatly across countries O C. the level of technology differs across countries O D. all of the above. O E. A andB only.
I need the answer as soon as possible
Which type of worker would earn the high income but has lesser marginal productivity? a.Fashion model b. CEO c. Farm owner d. Computer programmer
Physical capital is A) the factories and machinery used to produce other goods and services. B) the talents, training, and education of workers. C) the financial resources available for investment. D) the physical labor of workers.