Factors of production are the
A) goods and services produced by the economy.
B) productive resources used to produce goods and services.
C) goods that are bought by individuals and used to provide personal enjoyment.
D) goods that are bought by businesses to produce productive resources.
E) productive resources used by government to increase the productivity of consumption.
B
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Less of the federal debt is owned by federal, state, and local governments than is owned by foreigners
a. True b. False Indicate whether the statement is true or false
The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise, prices of ________ rise more slowly
A) positive; final goods and services; inputs B) infinite; final goods and services; inputs C) positive; inputs; final goods and services D) infinite; inputs; final goods and services