Factors of production such as labor and capital
A) are complementary.
B) are substitutable.
C) can be complements and also substitutes.
D) can be neither complements nor substitutes.

Question

Quizplus · Accepted Answer

Factors of production like labor and capital can be complements in some contexts (where the use of one increases the productivity of the other) and substitutes in others (where one can be used in place of the other).

Factors of Production Such as Labor and Capital