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The payments for land, labor, capital, and entrepreneurial ability respectively are
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
When a country’s businesses invest heavily in new capital goods and new technology, which of the following is most likely to occur?
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
A headline reads: Consumers demand new cell phones with greater functionality. What basic economic question is being addressed in this headline?
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
Which of the following is an example of an investment in human capital?
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
In Georgia, the Public Service Commission regulates the rates charged to customers by GA Power to ensure:
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
When governments tax polluting companies and subsidize college education, they are serving the role of
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
When the U.S. government purchases a submarine from a company, the government has made a major transaction in the
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
The fundamental problem of economics is:
A business trains a new employee.
rent, wages, interest, and profit
the scarcity of factors of production relative to the unlimited wants of humans.
resolving market failures.
product market
Consumers are protected from sharp price increases by a monopoly
economic growth.
what to produce
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