labour

land

money

All of these answers are factors of production.

inefficient

normative

unattainable

efficient

Large government deficits cause an economy to grow more slowly.

People work harder if the wage is higher

The unemployment rate should be lower

Printing too much money causes inflation.

macroeconomic

microeconomic

statements of description that can be tested

statements of prescription that involve value judgments

40 units of eggs

20 units of eggs

30 units of eggs

50 units of eggs