Multiple Choice
Which one of the following is TRUE?
A) The factors of production are land, labor, capital, and entrepreneurship.
B) Land is a factor of production only in agricultural endeavors.
C) Labor is a factor of production only in providing services.
D) Capital is a factor of production only in high-tech industries.
Correct Answer:
Verified
Correct Answer:
Verified
Q102: When the rate of economic growth dips
Q103: Your ability to purchase goods in the
Q104: To a certain extent, the productivity of
Q105: Markets tend to<br>A) exist primarily in towns
Q106: Which one of the following transactions would
Q108: An economic system<br>A) is a means of
Q109: An economic system is a way of
Q110: Suppose new research shows that soymilk and
Q111: The theory of the incentive effect asserts
Q112: Which one of the following best describes