Factors of production are
a. the mathematical calculations firms make in determining their optimal production levels.
b. social and political conditions that affect production.
c. the physical relationships between economic inputs and outputs.
d. inputs into the production process.
d
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In the United States from 1981 to 2013, deaths from all of the following declined substantially except
A) heart attacks. B) kidney disease. C) cancer. D) strokes.
What is true of depletable resources is that
A. increasing scarcity leads to their total disappearance. B. they are depleted by gradually using up the supply of homogeneous resources, every unit of which is equally available. C. generally the most accessible and cheapest sources are used up so that new supplies become more costly. D. their prices must rise at the average rate of inflation.