Which of the following is not a factor of production ? A. labor B. landC. money D. capital

Which of the following is most likely to produce scientific evidence about a theory ? A. A lawyer employed by Renault addressing the impact of air bags on passenger safety.B. An economist permanently employed at a leading university analyzing the…

In which of the following cases is the assumption most reasonable ? A. To address the impact to taxes on income distribution an economist assumes that everyone earns the same income. B. To address the impact of money growth on…

Economic models are ? A. Usually made of wood and plasticB. built with assumptions. C. useless if they are simple. D. created to duplicate reality.

Which of the following statements regarding the circular-flow diagram is true ? A. If Susan works for BAe Systems and receives a salary payment, the transaction takes place in the market for good and services. B. If BAe Systems sells…

The scientific method requires that ? A. the scientist be objective B. The scientific use precision equipment. C. only correct theories are tested D. only theories are tested. E. the scientist uses test tubes and have clean lab.