Chapter 1—What Economics Is About

LOC: Scarcity, tradeoffs, and opportunity cost 3. Which of the following is not one of the four broad categories of resources? a. labor b. government c. capital d. entrepreneurship e. land ANS: B PTS: 1 DIF: Moderate NAT: Analytic. LOC: The study of economics and definitions of economics. 4. Produced goods used as inputs for the production of ... ................
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