Select the group that best represents the basic factors of production.
A) land, labor, capital, entrepreneurship
B) land, labor, money, management skills
C) land, natural resources, labor, capital
D) land, labor, capital, technology
Question 2
Which of the following is not a reason for changes in the politics of the budget process over the past forty years?
a. The changing composition of government spending toward social services.
b. The increasing size of budget deficits.
c. The increasing federal debt.
d. The move away from incrementalism in the budgetary process.
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