1.Explain which of the following items are not capital goods: • An auto assembly line • A shopping mall • A golf ball 2. Explain which of the following items are not factors of production: • Vans used...

• An auto assembly line • A shopping mall • A golf ball

2. 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

3. Which factor of production earns the highest percentage of total U.S. income? Define that factor of production. What is the income earned by this factor of production called? 4. With more job training and more scholarships to poor American students, which special factor of production is likely to grow faster than in the past?