Quiz Submissions - Topic 10 Quiz Top Of Form Yo

Quiz Submissions - Topic 10 Quiz Top of FormYour quiz has been submitted successfully.Question 11 / 1 pointThe four factors of production that produce goods and services areA) labor, stocks, money, and bonds.B) labor, money, machinery, and land.C) labor, capital, land, and entrepreneurship.D) labor, capital, money, and entrepreneurship.E) labor, investment capital, machinery, and land.Question 21 / 1 pointEntrepreneurship differs from the other factors of production because itA) is not real.B) is not paid.C) is not traded in a factor market.D) is the most important.E) has only existed since the new economy of the 1990s.Question 31 / 1 pointIf the demand for a good increases, the demand for the factors used to produce the goodA) increases.B) decreases.C) stays the same.D) could increase, decrease, or stay the same depending on whether the demand for the good is elastic, inelastic, or unit elastic.E) None of the above answers is correct.Question 41 / 1 pointThe value of marginal product of laborA) is constant as long as each worker is paid the same wage rate.B) always increases as more labor is hired.C) at first decreases and then increases as more workers are hired.D) declines only if