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Which of the following is NOT one of the 4 Factors of Production in a market economy.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
A domestic good is one that is made in your own country.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
Which of the following would be the best example of a consumer?
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
A delivery truck is a(n) ___________________.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
Germany has a pure market economy, in which the people make all economic decisions and the government has no role at all.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
(RR4) A market(place) is anywhere goods/services are bought/sold.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
An import quota is NOT a limit on the amount of foreign goods that can be imported to a country.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
(RR3) If a pizza shop owner buys a new oven to make the pizza he sells better and faster, he would be investing in _________________.
FALSE
TRUE
example of physical capital
physical capital
TRUE
someone that buys and eats an ice cream cone
Government
FALSE
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