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Subject - Economics:

Microeconomics

MCQ - 108-4118

Question:

Land, labor, capital and entrepreneurial talent are often referred to as

  1. production possibilities.
  2. goods and services.
  3. unlimited human wants.
  4. goods and services.
  5. scarce economic resources.

Correct Answer: E

Explanation:

Know the four scarce economic resources.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Land, labor, capital and entrepreneurial talent are often referred to as , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 108-4118.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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