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(RR3) In a market economy, 4 Factors of Production are employed to make most goods. The CHAINSAW used to cut down trees for wood would be an example of which factor of production?
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR4) If a good is “foreign”, it means that it was made in your own country.
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR1) Which of the following would be an example of a PRODUCER?
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR2) The most common type of economy found in the world today is:
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR4-C) When trade barriers are put into place, consumers will have more choices of goods to choose from.
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR3) In a market economy, 4 Factors of Production are employed to make most goods. The WOOD used to make a birdhouse would be an example of which factor of production?
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR2) Which type of economy can be described as one in which the existing government makes all economic decisions?
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
(RR2) Which type of economy can be described as one where business owners are free to make some economic decisions, but the government does set some guiding rules regulations?
Physical Capital
Command
Mixed
a woman that owns operates an Italian restaurant
FALSE
Mixed
Natural Resource
FALSE
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