Question

what are the factors of production necessary in the production of goods services?○ traditional, market, mixed, and command○ monetary policy and fiscal policy○ legislative, judicial, and executive○ land, labor, capital, and entrepreneurshipquestion 200.16what does the law of demand state?○ as the price of a good or service decreases the demand declines.○ as the price of a good or service increases the demand declines.○ as the price of a good or service stays the same the demand increases.○ as the price of a good or service increases the supply declines.

Explanation:

For the first question: The options list economic systems, policy tools, and government branches respectively, while the standard factors of production are the four core inputs for creating goods and services.
For the second question: The Law of Demand describes the inverse relationship between the price of a good/service and the quantity demanded, assuming other factors are constant.

Answer:

1. Land, Labor, Capital, and Entrepreneurship
2. As the price of a good or service increases the demand declines.