Which of the following is true about the factors of production?
A) The factors of production as well as technology determine the physical limits to production.
B) Rich countries have an unlimited quantity of factors.
C) The factors include natural resources but not skilled labor.
D) Some factors are scarce but other factors are not.
Correct Answer:
Verified
Q10: Which of the following is an example
Q11: If society lacks enough resources to satisfy
Q12: In economics,capital refers to:
A) Money.
B) Savings put
Q13: Which of the following is NOT a
Q14: Which of the following is NOT an
Q16: The concept of opportunity cost would become
Q17: Scarcity means:
A) Retail stores always run out
Q18: The primary concern of economics is the
Q19: Given that resources are scarce:
A) A "free
Q20: Societies must address the question of WHAT
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