The basic factors of production include
A) Land,labor,money,and capital.
B) Land,labor,money,and inputs.
C) Labor and money.
D) Land,labor,capital,and entrepreneurship.
Correct Answer:
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Q4: Opportunity cost is
A)Measured only in dollars and
Q5: Opportunity cost may be defined as the
A)Goods
Q6: Which economist argued that free markets unleashed
Q7: Capital,as economists use the term,refers to
A)The cash
Q8: The role of the entrepreneur in an
Q10: The fundamental problem of economics is
A)The law
Q11: Which of the following is not one
Q12: Economics can be defined as the study
Q13: The "guns versus butter" dilemma that all
Q14: With respect to factors of production,which of
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