Answer to Question #320584 in Macroeconomics for Rose

Question

Factors of production _____

A. are normative concepts.

B. are studied primarily in microeconomics.

C. represent the classification of different resources available to an

economy.

D. represent the trade-offs as you move along the demand curve.

E. represent the trade-offs as you move along the isoquant curve.

Answer 1

C. represent the classification of different resources available to an economy.