Devry ECO312 Final Exam
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Devry ECO312 Final Exam Devry ECO312 Final Ex 1
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Question 1.1. (TCO 1) When a state government chooses to build more roads, the required resources are no longer available for spending on public education. This dilemma illustrates the concept of (Points : 4) production expenses. unemployment issues. unintended consequences. opportunity cost. Question 2.2. (TCO1) Which is not a factor of production? (Points : 4) Money Land Labor Capital Question 3.3. (TCO1) A point on the production possibilities curve is (Points : 4) attainable and resources ar...
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Question 1.1. (TCO 1) When a state government chooses to build more roads, the required resources are no longer available for spending on public education. This dilemma illustrates the concept of (Points : 4) production expenses. unemployment issues. unintended consequences. opportunity cost. Question 2.2. (TCO1) Which is not a factor of production? (Points : 4) Money Land Labor Capital Question 3.3. (TCO1) A point on the production possibilities curve is (Points : 4) attainable and resources ar...