List the four broad categories of factors of production

From 8 to 11 p.m., Sam can either attend a basketball game, a hockey match or the symphony. Suppose that Sam decides to attend the hockey match and thinks to herself that if she did not go to the match she would go to the symphony

Then the opportunity cost of attending the hockey match is A) going to the symphony and the basketball game. B) going to the symphony. C) going to the basketball game. D) three hours of time.

If more and better technology is used by U.S. farm workers than by Egyptian farm workers, then the

a. MRP of the U.S. farm workers will be higher than the MRP of the Egyptian farm workers b. MRP of the U.S. farm workers will be lower than the MRP of the Egyptian farm workers c. demand for the U.S. farm workers will be lower than the demand for the Egyptian farm workers d. price of farm goods will be higher in the U.S. than in Egypt e. the wage rate of the U.S. farm workers will be lower than the wage rate of the Egyptian farm workers