What do you call the man-made resources used in the production of goods and services? O a. Land O b. Enterprise O . Capital O d. Labor In order for a price floor to be effective, it must be set the equilibrium price, while a price ceiling must be set the equilibrium price.

What do you call the man-made resources used in the production of goods and services? O a. Land O b. Enterprise O . Capital O d. Labor In order for a price floor to be effective, it must be set the equilibrium price, while a price ceiling must be set the equilibrium price.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What do you call the man-made resources used in the production of goods and services?
O a. Land
O b. Enterprise
O c. Capital
O d. Labor
In order for a price floor to be effective, it must be set
the equilibrium price, while a price ceiling
must be set
the equilibrium price.
O a. above; below
O b. below; below
O c. above; above
O d. below; above

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