Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Review Test Submission_ Midterm Exam

Review Test Submission_ Midterm Exam

Q Question 1 1 out of 1 points A basic assumption used in many economic models is: Question 4 1 out of 1 points A factor of production that has been produced for use in the production of other goods and services is: Question 3 1 out of 1 points A good is scarce if we must sacrifce something to obtain it. Question 5 1 out of 1 points A person who seeks to earn profts by fnding ways to organize factors of production is called a(n):

View Related Questions

Solution Preview

1.Selected Answer: ceteris paribus, which means all other things remain unchanged. 2.Selected Answer: at the margin 3.Selected Answer: True 4.Selected Answer: capital. 5.Selected Answer: entrepreneur.