The most important aspect(s)of labor,land,and capital is/are that they
A) have derived demands.
B) are factors of production.
C) are inputs to the production process.
D) are resources in our economy.
E) have derived demands and are factors of production,inputs to the production process,and resources in our economy.

Question

Quizplus · Accepted Answer

Labor, land, and capital are all factors of production, as they are inputs to the production process that contribute to the creation of goods and services. They also have derived demand, meaning that they are in demand because they are necessary for production. Additionally, they are resources in our economy, as they are utilized to create goods and services. Therefore, option E is the best choice as it accurately describes the multiple important aspects of labor, land, and capital.

The Most Important Aspect(s)of Labor,land,and Capital Is/are That They