Survey of Economics (MindTap Course List)
9th Edition
ISBN: 9781305260948
Author: Irvin B. Tucker
Publisher: Cengage Learning
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Question
Chapter 1, Problem 3SQ
To determine
Which is not an example of the capital input.
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Check out a sample textbook solutionStudents have asked these similar questions
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.
Which of the following is NOT a factor of production?
A. trucks used by a furniture company for deliveries
B. a person developing a production schedule for a new product
C. financial capital, or money available to be loaned or invested
D. forested areas that have yet to be developed
Chapter 1 Solutions
Survey of Economics (MindTap Course List)
Ch. 1.6 - Prob. 1YTECh. 1.7 - Prob. 1YTECh. 1.7 - Prob. 2YTECh. 1.7 - Prob. 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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- 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_forwardWhat is the importance of stages of production?arrow_forwardThe 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_forward
- Which factor is NOT associated with production at a college? Select one: a. the faculty b. classroom buildings c. the computer labs d. electricityarrow_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_forward
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