Which of the following is correct with respect to the factors of production?
A) The "labour" factor recognizes that it is importance to have labour unions to offset the power of management.
B) "Capital" is a more important factor than "labour."
C) As the Canadian economy has become larger and more complex, the importance of entrepreneurs has declined.
D) Unlike land, labour, and capital, information can be shared without being diminished.
E) Human resources is an example of the "natural resources" factor.

Question

Quizplus · Accepted Answer

Unlike the other factors of production, information is not a finite resource and can be shared without being diminished. This is known as non-rivalry in consumption, meaning that one person's use of information does not preclude another's use.

Which of the Following Is Correct with Respect to the Factors