Workers in urban work units work for

a. start ups
b. state owned enterprises
c. the government
d. a, b and c are correct
e. none of the above

D

Economics

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The factors of production include

A) capital. B) investment. C) transfers. D) wages.

Economics

How are money cost and opportunity cost related to each other?

a. If markets function well, they are closely related. b. They are always identical in any economic system. c. Opportunity cost always exceeds money cost. d. Money cost is less than or equal to opportunity cost. e. In a market economy, they are always equal to each other.

Economics