Question: write in the form like 1: A. answer all McQs 6. $2 billion is invested in developing a country's natural resources and infrastructure. Which two
write in the form like 1: A. answer all McQs

6. $2 billion is invested in developing a country's natural resources and infrastructure. Which two factors of production does this refer to directly? A. capital and labour B. capital and land C. enterprise and land D. labour and land 7. What is not a factor of production? A. company shares B. machinery C. raw materials D. unskilled workers 8. A farmer pays a landowner for the use of a field. What is the income to the landowner called? A interest B. profit C. rent D. wages 9. What is a factor of production? A. a semi-skilled young worker B. direct taxes received by a government C. shares in a manufacturing company D. stocks of money held by a bank 10. What is a durable consumer good? A. vegetables B. washing machine C. washing detergent D. shampoo
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
