When economists use the term "factors of production," they mean
a. labor, capital, and money
b. labor, capital, land and money
c. labor, capital, land and entrepreneurship
d. labor, land, money and entrepreneurship
e. money and entrepreneurship
C
You might also like to view...
Is it proper to say corporations pay taxes? Why or why not? How does the allocation of the corporate income tax burden change from the short to the long run?
What will be an ideal response?
Between 1800 and 1940, the U.S. birthrate fell steadily. Factors contributing to this downward trend include:
a. urbanization. b. rising female employment. c. compulsory schooling d. declining infant mortality. e. all of the above.
In most models of managerial conflict, the owner is the ________ and the manager is the ________.
A. employee; director B. principal; agent C. wage earner; stockholder D. resource; resource owner
A lawyer who agrees to take as compensation a percentage of any judgment or settlement is
A. typically only employed as a defense attorney. B. a contingency attorney. C. violating the legal profession's code of ethics. D. all of the options are correct.