Economics For Today
10th Edition
ISBN: 9781337670654
Author: Tucker
Publisher: Cengage
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Question
Chapter 1, Problem 3SQ
To determine
Which is not an example of the capital input.
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Four factors of Production
Which statement best explains how human capital affects the manufacturing of a product?
It affects the efficiency of the manufacturing process
It promotes increased demand for manufactured goods.
It provides a financial incentive for potential investors
It allows households to use their savings to buy goods.
Describe the five factors of production.
Chapter 1 Solutions
Economics For Today
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 - According to Exhibit A-5, what is the relationship...Ch. 1.A - Prob. 4SQ
Ch. 1.A - Prob. 5SQCh. 1.A - Prob. 6SQCh. 1.A - Prob. 7SQCh. 1.A - Straight line AB in Exhibit A-6 shows that a....Ch. 1.A - Prob. 9SQCh. 1.A - Prob. 10SQCh. 1.A - Prob. 11SQCh. 1.A - Prob. 12SQCh. 1.A - Prob. 13SQCh. 1.A - Straight line AB in Exhibit A-7 shows that a....Ch. 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 - Which of the following illustrates the concept of...Ch. 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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- A summary of The Four Factors of Production?arrow_forwardA person who translates business requirements into technical systems requirements is a ___________.arrow_forwardِA- We have studied the production technology. Explain the concept with an example. B- We have studied labor-intensive technology and capital-intensive technology Explain the difference between the two production processes with an example of each?arrow_forward
- What are the four basic factors of production? Provide at least one example of each factor of production and discuss how that factor is used economically.arrow_forwardDefine factors of production and describehow they contribute to output.arrow_forwardIllustrate the Engineer's role in Business?arrow_forward
- The term capital, as used by economists, refers to a money b the physical space in which production occurs c the time allocated to producing goods and services d financial securities such as stocks and bonds e machinery and equipment that is not used up during the production processarrow_forwardA fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don& like the taste. From an economic perspective, the company should keep the hamburger on the menu because they spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.arrow_forwardWhich factor is NOT associated with production at a college? Select one: a. the faculty b. classroom buildings c. the computer labs d. electricityarrow_forward
- 4.1 A ________ provides money that does not need to be repaid. It is intended to promote renewable energy projects and is primarily available to commercial, industrial, utility, are educational institutions. a. Loan b. Incentive c. Grant d. Lease 4.2 In 1838 the photovoltaic industry was started when Alexandre Edmund Becquerel discovered ______. a. The Becquerel principle b. The photovoltaic effect c. Solar radiation d. Solar irradiance 4.3 A(n) _______ converts DC electricity to AC electricity. a. Converter b. Inventer c. Coupler d. Transformer 4.4 A ______ system collects solar radiation from the sun and converts it directly into DC (direct current) electricity. a. Solar thermal b. Solar architectural c. Photovoltaic d. Radiatorarrow_forwardWhich of the following best describe what we mean byresources in economics? A. The natural resources, like water and trees. B. The factors of production used to produce goods and services. C. The human resources, like workers. D. The capital resources, like tools and buildings.arrow_forwardCapacity Utilization Rate is: A. The total amount of plant and equipment that is actually being used at any given time B. The percent of plant and equipment that is actually being used at any given time C. The percent of stocks and bonds that is actually being used at any given time D. The percent of inventory and residential housing that is actually being used at any given timearrow_forward
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