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Author Question: Which of the following are considered factors of production? I. Land II. Labor III. Physical capital ... (Read 70 times)

acc299

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on: Jun 29, 2018
Which of the following are considered factors of production? I. Land II. Labor III. Physical capital IV. Entrepreneurship
 
  A) I and II only
  B) I and III only
  C) I, II and III only
  D) I, II, III and IV

Question 2

Entrepreneurs are important to market economies because
 
  A) they engage in risk taking and innovation.
  B) they make up a large portion of low-skilled labor.
  C) they take few risks and thereby, suffer fewer bankruptcies.
  D) they represent the bulk of employment at large corporations.


Meganchabluk

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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