Which of the following are considered factors of production used to produce goods and services?
I. Land
II. Labor
III. Capital
IV. Entrepreneurship
A) I and II only
B) I and III only
C) I, II and III only
D) I, II, III and IV
D
Economics
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United States Government Source of Funds and Outlays, Fiscal 2011
What will be an ideal response?
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If Jose deposits $2,000 in his bank and the desired reserve ratio is 10 percent, what is the amount of new loans that the bank can make?
A) $2,000 B) $200 C) $1,800 D) $1,900 E) $2,200
Economics