Survey Of Economics
10th Edition
ISBN: 9781337111522
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 1, Problem 2SQ
To determine
Which are the factors of production.
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Which of the following statements about the use of resources is NOT one of the key
economic problems?
Answer
A firm's decision to adopt a new technology to increase productivity.
Producers respond to changing demands and buying habits of consumers.
Firms to ensure an equal distribution of income among society.
Firms need to make decision regarding the goods to be produced.
Which of the following are capital goods? Explain why.
A. A school teacher because she helps her students increase their productive resources
B. A pack of bubble gum because it can be purchased now and consumed in a future period
OC. An interstate highway and a stealth bomber because governments buy and use them in the current period
OD. A strawberry field because it is used to produce strawberries
E. An interstate highway and a stealth bomber because governments buy these to increase productive resources to use during future periods to produce other goods and services
Which of the following are capital goods?
OA. A movie because it can be viewed now and in the future
OB. A movie because all factors of production that are not labor are capital goods
OC. An airplane, a garbage truck, and an ATM because businesses use these to produce other goods and services in the future
D. An airplane, a garbage truck, and an ATM because all factors of production that are not labor are capital goods…
What are the economic significance of the stages of production
Chapter 1 Solutions
Survey Of Economics
Ch. 1.6 - Prob. 1.1YTECh. 1.6 - Prob. 2.1YTECh. 1.6 - Prob. 2.2YTECh. 1.6 - Prob. 2.3YTECh. 1.A - Prob. 1SQPCh. 1.A - Prob. 2SQPCh. 1.A - Prob. 1SQCh. 1.A - Prob. 2SQCh. 1.A - Prob. 3SQCh. 1.A - Prob. 4SQ
Ch. 1.A - Prob. 5SQCh. 1.A - Prob. 6SQCh. 1.A - Prob. 7SQCh. 1.A - Prob. 8SQCh. 1.A - Prob. 9SQCh. 1.A - Prob. 10SQCh. 1.A - Prob. 11SQCh. 1.A - Prob. 12SQCh. 1.A - Prob. 13SQCh. 1.A - Prob. 14SQCh. 1.A - Prob. 15SQCh. 1.A - Prob. 16SQCh. 1.A - Prob. 17SQCh. 1.A - Prob. 18SQCh. 1.A - Prob. 19SQCh. 1.A - Prob. 20SQCh. 1 - Prob. 1SQPCh. 1 - Prob. 2SQPCh. 1 - Prob. 3SQPCh. 1 - Prob. 4SQPCh. 1 - Prob. 5SQPCh. 1 - Prob. 6SQPCh. 1 - Prob. 7SQPCh. 1 - Prob. 8SQPCh. 1 - Prob. 1SQCh. 1 - Prob. 2SQCh. 1 - Prob. 3SQCh. 1 - Prob. 4SQCh. 1 - Prob. 5SQCh. 1 - Prob. 6SQCh. 1 - Prob. 7SQCh. 1 - Prob. 8SQCh. 1 - Prob. 9SQCh. 1 - Prob. 10SQCh. 1 - Prob. 11SQCh. 1 - Prob. 12SQCh. 1 - Prob. 13SQCh. 1 - Prob. 14SQCh. 1 - Prob. 15SQCh. 1 - Prob. 16SQCh. 1 - Prob. 17SQCh. 1 - Prob. 18SQCh. 1 - Prob. 19SQCh. 1 - Prob. 20SQ
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