In terms of contribution to total U.S.income,the factor of production that receives the SMALLEST share is:
A)capital.
B)labor.
C)land.
D)entrepreneurship.

Question

Quizplus · Accepted Answer

Land is the factor of production that receives the smallest share of total U.S. income. This is because it is a fixed resource and its supply cannot be increased easily. Therefore, its contribution to production is limited compared to labor and capital, which can be increased through investments in education and technology. Entrepreneurship, while also an important factor of production, typically involves risk-taking and innovation that can result in large returns on investment, so it tends to receive a higher share of income compared to land.

In Terms of Contribution to Total U