Tugas Pertemuan 4
DISCUSSION QUESTIONS
1. Labor and land, typically working together, produce final products. How can we
unscramble the separate contributions of these two factors of production?
2. “The demand for each factor of production will depend on the prices of all factors,
not just its own price.” Explain as carefully as you can why this is true. Give an
example demonstrating this.
3. Explain the concepts of compensating differentials, pure economic rent, and
noncompeting groups. Give examples of each.
4. What economic analysis can you apply to the controversial issues of immigration,
birth control, weekly hours, and technological change as they relate to employment
and wage rates?
5. What is the difference between real and nominal interest rates? How would you
convert from one rate to the other? Explain.
6. Define primary factors and give two examples. Define produced or intermediate
capital goods. Give two examples. What is the economic significance of this
distinction?
7. Discuss the case for governments charging rents for the use of all natural
resources.
8. Define primary factors and give two examples. Define produced or intermediate
capital goods. Give two examples. What is the economic significance of this
distinction?