1. Explain which of the following items are not consumption goods and services:
A chocolate bar
.
A ski lift
.
A golf ball
.
2. Explain which of the following items are not capital goods:
An auto assembly line
A shopping mall
.
A golf ball
.
3. Explain which of the following items are not factors of production:
Vans used by a baker to deliver bread
1,000 shares of Amazon.com stock
.
Undiscovered oil in the Arctic Ocean
4. Which of the four factors of production earns the highest percentage of total U.S. income? Define that factor of production. What is the income it earns called?
.
5. With more job training and more scholarships to poor American stu-dents, which special factor of production is likely to grow faster than in the past?
.
6. Define the factor of production called capital. Give three examples of capital, different from those in the chapter. Distinguish between the fac-tor of production capital and financial capital.