QUESTION IMAGE
Question
as a factor of production, the term capital includes
stocks and bonds issued by corporations.
natural resources such as land and water.
tools, machinery, and buildings.
services provided by the government.
question 16 (1 point)
what policies tend to favor business?
minimal government spending because it keeps taxes to a minimum
more government services because it minimizes tax consequences
maximum government spending because it raises business profits
increased regulation because it benefits stakeholders
question 17 (1 point)
economics is the study of how a society
invests wisely in the stock market.
employs resources to produce goods and services and distribute them among competing groups and individuals.
employs statistical techniques to make predictions about the evolution of society over the long run.
governs itself for the good of its citizens.
- Question 16: Minimal government spending keeps taxes low, which is favorable for businesses as it reduces their cost burden. More government services often require higher taxes (contradicting the idea of minimizing tax consequences for business - friendly policies). Maximum government spending may not directly raise business profits in a straightforward way, and increased regulation can add costs and constraints rather than favoring business.
- Question 17: Economics is fundamentally about how a society allocates and uses resources (land, labor, capital) to produce goods and services and then distributes them among different groups and individuals. Investing in the stock market is a narrow - scope financial activity. Using statistical techniques for long - run societal evolution predictions is more of a sociology or demography - adjacent (with some economic aspects but not the core) activity. Governing for citizens' good is a political science aspect.
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Question 16: minimal government spending because it keeps taxes to a minimum
Question 17: employs resources to produce goods and services and distribute them among competing groups and individuals.