1. What is production? Does the economic idea of production conflict
with the physical principle that matter cannot be created?
2. Is it production to buy fifty cents' worth of yarn and knit a pair of
socks worth twenty-five cents if you enjoy doing it? If you do not enjoy
it?
3. Give examples of factors of production.
4. What factors of production must be combined by a savage to produce a
canoe?
5. Outline the combination of factors that has produced New York bread
made from Minnesota wheat.
6. What is the largest manufacturing establishment in your home town?
Would a number of smaller establishments of the same sort and with the
same aggregate capacity succeed as well? Why?
7. Have you observed the growth of any local industry from a small
beginning to large proportions? If so, how do you account for it?
8. Would you prefer to begin your business career with a large company
or with a small merchant? Why?
9. Through what historic stages has production passed?
10. Give examples of the industrial advantages of America as compared
with Europe.