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With Respect to Factors of Production,which of the Following Statements

Question 118

Multiple Choice

With respect to factors of production,which of the following statements is not true?


A) Factors of production are also known as resources.
B) In order to produce any good or service,it is necessary to have factors of production.
C) Factors of production include land,labor,capital,and entrepreneurship.
D) Only those resources that are privately owned are counted as factors of production.

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