They provide tools that make production more efficient.
How are capital resources used in production? (1 point) Responses They allow producers better access to world markets. They allow producers better access to world markets. They provide tools that make production more efficient. They provide tools that make production more efficient. They make it possible to employ more skilled laborers. They make it possible to employ more skilled laborers. They purchase the raw materials needed for production. s
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Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies? (1 point) Responses being able to visit with friends being able to visit with friends spending money on the board game spending money on the board game being able to see a new movie being able to see a new movie spending money on the movie tickets
Being able to see a new movie.
Kevin decides to go straight to work after high school instead of going to college. What is the most likely long-term consequence of his decision? (1 point) Responses changing jobs often changing jobs often having lots of debt having lots of debt making less money making less money not finding work
Making less money.
Which of the following is one of the three basic economic questions? (1 point) Responses For whom to produce For whom to produce How many units to produce. How many units to produce. Which resources to use to produce? Which resources to use to produce? Which types of production are most important?
For whom to produce.
What would an economist expect if the negative incentives for bad behavior in a school became stricter? (1 point) Responses Students would be less likely to break the rules, because the expectations are clearer. Students would be less likely to break the rules, because the expectations are clearer. Students would be less likely to break the rules, because punishments have become worse. Students would be less likely to break the rules, because punishments have become worse. Students would be more likely to break the rules, because more rules are available to break. Students would be more likely to break the rules, because more rules are available to break. Students would be more likely to break the rules, because the feelings of excitement are higher
Students would be less likely to break the rules, because punishments have become worse.
How does free trade affect the United States? Select all that apply. (1 point) Responses lower prices lower prices decreased wages decreased wages higher farm profits higher farm profits less variety in businesses less variety in businesses more low-skill jobs more low-skill jobs increased consumer choice
The effects of free trade on the United States can include:
- Lower prices
- Decreased wages
- Higher farm profits
- Increased consumer choice
These responses reflect various economic impacts of free trade, though the actual outcomes may vary based on specific circumstances.
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