The four factors of production are
A) productive factors, neutral factors, entrepreneurial factors, and nonproductive factors.
B) men, women, animals, and children.
C) labour, capital, entrepreneurship, and land.
D) machines, factories, buildings, and farms.
E) labour, money, profits, and land.
Correct Answer:
Verified
Q2: To maximize profit,the firm must equate the
A)wage
Q10: Suppose a gift shop in Corner Brook,Newfoundland,hires
Q13: The Brown's Egg store in Lethbridge,Alberta hires
Q15: Use the table below to answer the
Q16: Choose the statement that is incorrect.
A)Entrepreneurship is
Q18: Coal is an example of
A)a nonrenewable natural
Q21: Suppose a profit-maximizing firm hires labour in
Q22: The demand for a factor of production
Q24: Mr. Smith's firm competes in a perfectly
Q30: The demand curve for labour will shift
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