The Three Questions of Economics

Question 1

Which part of Suarez Farms represents the capital invested in the business?

Revolt · Accepted Answer

farm equipment the Suarez family owns

Question 2

the countrytheir workersthe market

Revolt · Accepted Answer

the market

Question 3

country'scustomers'workers'

Revolt · Accepted Answer

customers'

Question 4

profitlaborregulations

Revolt · Accepted Answer

labor

Question 5

Use the drop-down menus to complete each sentence.

Revolt · Accepted Answer

✔ product; Suarez Farms and Super-Phonic Systems had some difficult decisions about what to make, who to make it for, and how to make it. Each business first had to think about the kind ofor service it wanted to: product; Suarez Farms and Super-Phonic Systems had some difficult decisions about what to make, who to make it for, and how to make it. Each business first had to think about the kind ofor service it wanted to: the market; Suarez Farms and Super-Phonic Systems had some difficult decisions about what to make, who to make it for, and how to make it. Each business first had to think about the kind ofor service it wanted to: customers'; In making their decisions, both companies had to remember the factors of production: land or natural resources,, and capital.: labor

Question 6

the countrytheir workers✔ the market

Revolt · Accepted Answer

✔ the market

Question 7

country's✔ customers'workers'

Revolt · Accepted Answer

✔ customers'

Question 8

profit✔ laborregulations

Revolt · Accepted Answer

✔ labor

The Three Questions of Economics Answers

More from this Course

TRY EDGENUITY HACKS