The answer is: y = 2/5x - 9
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. hope this helps
www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production listen to this for more help
Answer:
not sure , guessing bwork
Answer:
This is an example of status quo pricing.
Explanation:
Status quo refers to <em>following an already established and existing way</em> of something. It is mostly regarding social norms.
Satus quo pricing is a strategy used by companies in which one <em>copies or maintains similar price levels</em> as the market or as the company's competitors. It is a strategy used generally when the companies don't want to move things around, maintaining the industry's status quo.
They serve 2 year terms and are considered for reelection when their term ends.
