Marketplace

I need some economics help ://?

11. What is a factory building an example of? (1 point)
human capital
physical capital
an economic trade-off
technology
12. Which of the following is NOT a key economic question? (1 point)
What goods and services should be produced?
How should these goods and services be produced?
Who consumes these goods and services?
How should it be ensured that goods and services are paid for?
13. Production possibilities frontiers curve when they are charted on a graph because they show (1 point)
the underutilization of resources.
the maximum output of goods and services.
the increasing costs resulting in increasingly less output.
the technological level of the economy’s productivity.
14. Which of the following is NOT characteristic of a centrally planned economy? (1 point)
The central government owns all land and capital.
The central government makes all economic decisions.
Each collective or factory sets its own goals.
Each person is assigned a job.
15. Which of the following is NOT an example of a public good? (1 point)
shopping malls
national parks
highways
municipal libraries
16. What does the process of specialization do for an economy? (1 point)
It makes it more efficient.
It eliminates unemployment.
It fosters competition.
It makes it easier to control.
17. What is the function of an economic system? (1 point)
to make sure all people have equal access to goods
to produce and distribute goods and services
to give all producers the same access to consumers
to make sure people are paid for their labor
18. What is the struggle among various producers for the consumer’s business called? (1 point)
socialism
competition
incentive
self-regulation
19. Why does even a free market economy need some government intervention? (1 point)
to provide for things that the marketplace does not address
to ensure that the government has the freedom to tax as necessary
to make sure that the government can fulfill its needs for military personnel
so that the government has some control over factory resources
20. Who decided what the farmers would produce on Soviet collectives? (1 point)
the farmers
the military
the government
the consumers
Gold whatever, Yes it will. Tell me down the road when will i ever need to know this? Hmmm Never?!
Btw i wasnt being mean

18 is competition…i no number 13 but its not on there…in class i learn it curves because the the variables require a different amount of resources.

P.S. Be nice to Gold…you never know when learning something will be useful