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AP Microeconomics 1.12 Basic Economic Concepts. What is an advantage of specialization and trade?
AP Microeconomics 1.8 Basic Economic Concepts. What among the following may not be your opportunity cost?
AP Microeconomics 1.6 Supply and Demand. What will the production possibilities curve for this economy look like?
AP Microeconomics 1.3 Basic Economic Concepts 213 Views
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Description:
AP Microeconomics 1.3 Basic Economic Concepts. Which of the following is not a factor of production for Google?
Transcript
- 00:00
Thank you We sneak And here's your shmoop du jour
- 00:05
brought to you by google But let's not tell being
- 00:08
about it Uh this can just be our little secret
- 00:10
Okay Which of the following is not a factor of
- 00:13
production for google And hear the pencil answers Bill i've
Full Transcript
- 00:19
been working on a coal mining going down town Yeah
- 00:23
divo ask your parents Great old right Yep This is
- 00:26
how google makes an algorithmic search A lot of people
- 00:28
don't realize it but it's a factory of coal miners
- 00:31
who just banging on things and then like words come
- 00:33
out quite er google doesn't do any of that but
- 00:36
it does use labor These guys it has entrepreneurship and
- 00:41
not just any entrepreneurs The most financially successful entrepreneurs Uh
- 00:44
well pretty much ever they've got capital and land don't
- 00:48
believe us I'll check out the google plaques rumor has
- 00:50
it it can fit the entire state of texas in
- 00:52
the basement Well all of these are factors of production
- 00:56
or things that let googlers google what's not a factor
- 01:00
of production The people who use or consume the algorithms
- 01:04
that google publishes Well the users are a factor of
- 01:08
consumption we'll play not this kind So yeah our answer
- 01:12
is c so are you one of those people who
- 01:13
thinks that technological advancements are going to save the world
- 01:17
If so you're probably wearing rose colored google goggles which
- 01:21
probably will be an actual thing in a couple of 00:01:22.916 --> [endTime] years
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