Which of the following groups lists the four factors of production?
A) Labour, capital, land, entrepreneurship
B) Labour, capital, money, entrepreneurship
C) Labour, capital, land, money
D) Labour, money, land, entrepreneurship
Correct Answer:
Verified
Q51: If the value of marginal product of
Q52: A decrease in the wage rate
A) shifts
Q53: Consider the demand for labour in the
Q54: The demand for a productive resource, not
Q55: Water from the Murray River is an
Q57: Other things being equal, a technological change
Q58: An increase in the price of a
Q59: As a competitive firm hires increasing amounts
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