The services of farmers are an example of:

A. capital.
B. a natural resource.
C. labor.
D. entrepreneurship.

Answer: C

Economics

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Basis may decrease if

A. a large capacity train terminal is built by CGB. B. a drought resulted in a short local crop. C. a large local ethanol plants closes. D. All of the above.

Economics

In a game that can be repeated, the optimal solution is

a. dependent upon each firm's decision in the first round of decision making b. independent of the decisions that competitive firms made on the first round c. to maximize profits regardless of what competitors do d. to minimize costs regardless of what competitors do e. to select the solution that minimizes the potential losses from a decision

Economics