More labor inputs can explain in real GDP over the last 65 years or so. multiple choice 1 some of the increases most of the increases all of the increases none of the increases b. Since at least 1995, the majority of increases in U. S. real GDP are from multiple choice 2 capital growth. labor growth. technological change. productivity growth. c. Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance: economies of scale, quantity of capital per worker, improved resource allocation, education and training, and technological advance. multiple choice 3 Education and training, technological advance, quantity of capital, economies of scale, and improved resource allocation. Technological advance, quantity of capital, education and training, economies of scale, and improved resource allocation. Technological advance, education and training, quantity of capital, improved resource allocation, and economies of scale. Improved resource allocation, technological advance, education and training, economies of scale, and quantity of capital.

answer may be d i think

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

this is all on your opinion. you choose what you want to do.