Question

Which of the following is an example of changing physical capital?




A. hiring more workers to do a job


B. building extra space in a factory


C. switching to cheaper fuel


D. lowering workers’ wages

Answer 1

B. Obviously, If were talking physical, then actual building more space in a factory would qualify for the correct answer.

Answer 2

lol yae i figured that one yah i kinda do feel retarded for askin that one but i have others do you mind helpin me them ?? @kate_liller

Answer 3

Sure, i can try

Answer 4

lol cool thanks :) ED

Answer 5

The law of increasing costs means that as production shifts from one item to another,




A. the cost of production gets cheaper and cheaper.


B. the cost of producing an item stays the same no matter how many are produced.


C. more and more resources are necessary to increase production of the second item.


D. the land costs of increasing production rise much more steeply than do the labor costs.

Answer 6

i went with A but im not sure tho.

Answer 7

and my os is messing up

Answer 8

Im going with C. It makes more sense that more resources are needed.

Answer 9

nice lol thank you

Answer 10

The owner of a clothing factory wants to make more winter coats. According to the law of increasing costs, what will happen next?




A. The factory owner will have to give something up to make more coats.


B. The cost of making winter coats will stay the same.


C. The opportunity to make winter hats goes up.


D. The factory owner will need fewer resources to make more coats.

Answer 11

lol yup I am retarded its c isn't it

Answer 12

@kate_liller can I just pm u and ask questions there ?

Answer 13

Actually im going more towards A. The factory owner will have to give something up to make more coats.

Answer 14

hummmmm lol you deffinit wat your talkinglol

Answer 15

btw sorry for the typos im doing three thing at once smh lol but heres the next one.....Which of the following is a summary of the three key economic questions?




A. Who will buy which goods and services, and how much will they pay?


B. How, when, and from whom should consumers get what they want?


C. When, where, and by whom should goods and services be produced?


D. What goods and services should be produced, how, and for whom?

Answer 16

D makes the most sense.

Answer 17

lol ok wat is a decicsion grid O_o and nxt question.....

Answer 18

What can a decision-making grid do?




A. tell you the right decision to make


B. show you every possible consequence of your decision


C. help you determine some of the opportunity costs for your decision


D. show you every possible benefit of your decision

Answer 19

think mite be B

Answer 20

help you determine some of the opportunity costs for your decision.

Answer 21

ooooohhhhh

Answer 22

hummmmmmmm......Which of the following is an example of a service?




A. Clothing


B. Food


C. Video games


D. Haircuts

Answer 23

This one is weird because it could have multiple answers. However i think food would go best. You know "Food Service Industry" it kind of makes the most sense.

Answer 24

no kidding but ok

Answer 25

What kinds of goods can be compared on a production possibilities curve?




A. farm goods and factory goods


B. two types of farm goods


C. two types of factory goods


D. any two categories of goods

Answer 26

Any two catergories of goods.

Answer 27

What is the difference between a shortage and a scarcity?




A. A shortage can be temporary or long-term, but scarcity always exists.


B. A shortage results from rising prices; scarcity results from falling prices.


C. A shortage is a lack of all goods and services; scarcity concerns a single item.


D. There is no real difference between a shortage and a scarcity.








hummmmmm yup

Answer 28

wait I think its C

Answer 29

shortage - when consumers want more than what producers are willing to produce at a specific price/ scarcity - there are not enough goods and services for everybody to have everything that he or she wants (difference is that scarcity is always present)

Answer 30

so it would be D ???

Answer 31

without the question marks

Answer 32

Which of the following is not a factor of production?

Which of the following is not a factor of production?




A. Capital


B. Land


C. Labor


D. Goods and Services



A. Capital


B. Land


C. Labor


D. Goods and Services
I take it would be d since the capital is important . to producing the goods and services .

Answer 33

sorry for the double question thing