8) Which of the following are considered factors of production?I LandIL LaborIII Physical capitalIV. EntrepreneurshipA) I and Il onlyB) I and III onlyC)L Il and III onlyD)L. II, II and IV

Answered: 5) Which of the following are…

5) Which of the following are considered factors of prodaction? I Land IL Labor IL Physical capital IV. Entrepreneurship A)l and Il only B)I and l only OLand l only D)LIL and IV

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

8) Which of the following are considered factors of production?
I Land
IL Labor
III Physical capital
IV. Entrepreneurship
A) I and Il only
B) I and III only
C)L Il and III only
D)L. II, II and IV

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