Multiple Choice
Which of the following is a characteristic of factors of production?
A) They are used to produce goods and services.
B) They are owned by firms.
C) They are abundant in most economies.
D) They are used by both firms and households.
Correct Answer:
Verified
Related Questions
Q42: Figure 2-2 Q44: In the circular-flow diagram, which flows are Q46: Figure 2-1 Q47: Figure 2-1 Q48: In the simple circular-flow diagram,what do markets Q51: Figure 2-1 Q52: What is another name for goods and Q55: Figure 2-2 Q56: What do the two loops in the Q58: Figure 2-2 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![]()
![]()
![]()
![]()
![]()
![]()