Factors of production (land,labour,and capital) tend to move between uses so as to
A) equalize distribution of wealth.
B) equalize the amount of industry in separate regions of a nation.
C) maximize the net advantages to the owners of the factors.
D) increase the ratio of capital to labour.
E) maximize only the monetary advantages to the owners of the factors.
Correct Answer:
Verified
Q92: All of the following are examples of
Q93: The three diagrams below each show a
Q94: According to the hypothesis of "equal net
Q95: Consider a manufacturing plant as an example
Q96: Which of the following statements about equilibrium
Q98: Suppose a cook at a diamond mining
Q99: The three diagrams below each show a
Q100: The three diagrams below each show a
Q101: Consider the mobility of any factor of
Q102: If the supply curve for a factor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents