The factor of production called "labor" can be defined as:
A)the number of employees a business employs at a given time.
B)the time spent by employees in the production of goods,but not services.
C)the fraction of total costs spent on people.
D)None of these statements is true.

Question

Quizplus · Accepted Answer

The Answer of The factor of production called "labor" can be defined as:
A)the number of employees a business employs at a given time.
B)the time spent by employees in the production of goods,but not services.
C)the fraction of total costs spent on people.
D)None of these statements is true.

The Factor of Production Called "Labor" Can Be Defined As