What are 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:
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Q22: How do economists begin building an economic
Q42: Figure 2-2 Q43: What is another term for factors of Q43: In the factors of production market, how Q44: In the circular-flow diagram, which flows are Q46: Figure 2-1 Q47: Figure 2-2 Q50: According to a simple circular-flow diagram, in Q51: Figure 2-1 Q57: In a circular-flow diagram, which flows are 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![]()
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