Chapter Checkpoint

Study Plan Problems and Applications

  1. Which of the following items are not consumption goods and services? Explain why not.

    • A chocolate bar

    • A ski lift

    • A golf ball

  2. Which of the following items are not capital goods? Explain why not.

    • An auto assembly line

    • A shopping mall

    • A golf ball

  3. Which of the following items are not factors of production? Explain why not.

    • Vans used by a baker to deliver bread

    • 1,000 shares of Amazon.com stock

    • Undiscovered oil in the Arctic Ocean

  4. Which factor of production earns the highest percentage of total U.S. ...

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