In terms of contribution to total income in the United States, the single most important factor of production is:
A) capital.
B) labor.
C) natural resources.
D) entrepreneurship.

Question

Quizplus · Accepted Answer

Labor is the most significant factor of production in terms of contribution to total income in the United States, as wages and salaries make up the largest portion of national income.

In Terms of Contribution to Total Income in the United