Select all that are true regarding the factors of production.     Land refers to the natural resources consummed in production     Human capital is the coordination of the other factors     They are purchased in the input markets     Labor earns a higher wage with more skill (higher human capital)     Human capital includes the relationship and the naturual process coordination between workers

Q: In order to prosper, entrepreneurs must O undertake projects that create wealth and increase the…

A: Answer: A (undertake projects that create wealth and increases the value of resources) Explanation:…

Q: Productivity is best defined as Group of answer choices the quantity of goods and services produced…

A: The four determinants of productivity are physical capital, human capital, natural resources, and…

Q: Which of the following answer is correct ? Factor of production: getting a loan through a local…

A: The inputs which are needed to produce a good or a service are known as factors of production. They…

Q: Average production and managerial production and the difference between them

A: Factors of production are regarded as the building blocks with which output can be produced by the…

Q: Rosa’s family grows specific varieties of maize because they prefer them for the tortillas they…

A: Traditional agriculture can be characterized as a crude way of cultivating that includes the serious…

Q: is your barangay relevant to you as a students? explain you answer by citing personal experience in…

A: Barangay: It refers to the smallest division of administration in the Philippines and is the local…

Q: В 1. If demand for good x is given by x(p, B) = – 2p, calculate the income and substitution effects…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Classify each of the following as a movement along or a shift of the production function and provide…

A: iv) An investment in a new entrepreneurship training program by the government will increase the…

Q: Definition of micro

A: In economics we study the decision of societies in the condition of scarcity, people has to choose…

Q: The term that describes the consisting of workers with a common set of skills who are joined…

A: In a marketplace, workers enter to get work according to their skills and qualification to earn…

Q: Question 11. Labour intensive technique is chosen in a (a) Labour surplus economy. (b) Capital…

A: According to the given question Labour intensive technique in economics is that technique with…

Q: The productivity of labor is defined as the    number of hours a worker spends at work.…

A: Productivity of labor or labor productivity shows the output produced per hour.  The higher…

Q: As defined by economists, the labor resource is the human capital input into the production process.…

A: factors of production are very important in the process of production and they are Labour , Capital,…

Q: Kinds of technical progress that relates to the way factors are combined together in the workplace,…

A: The technical progress perform may be a a part of a economics growth model that accounts for the…

Q: Describe the income method and the production method

A: INСОME  METHОD АBОUT  -  The  inсоme  teсhnique  uses  the  flоw  оf  fасtоr  revenues  tо…

Q: Economic Actions undertaken by agreement between institutional units are called 1.    Economic Flows…

A: Economic action refers to coordinated actions taken by a labour union and/or employees working in…

Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…

A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…

Q: Average labor productivity is the A- amount of output per worker B- amount of workers per machine C-…

A: In economics, productivity refers to the ability of an input resource to generate output.

Q: Physical capital is A) the factories and machinery used to produce other goods and services. B) the…

A: In business and economics, there are numerous production elements or steps that go into creating a…

Q: Create a theoretical framework on the following topic  How people have been affected and adapted to…

A: The rising food prices due to the Covid-19 pandemic and the Russia/Ukraine war have created…

Q: Which

A: We know that , production process is facilitated by different factors such as land , labour…

Q: Which of the following is NOT a factor of production? The effort of farmers raising cows for milk.…

A: Factors of production: Economists have categorized economic resources into four distinct groups,…

Q: Which of the following changes would increase labor productivity? Group of answer choices Workers in…

A: Labor productivity is the amount of goods and services that a group of workers produce in a given…

Q: how the data could be better reported to convey the true production

A: Through general reports of Fine reports users can fetch data from different types of business…

Q: In the circular flow model of the market system, business firms' major role is to

A: A circular flow model shows the working of the economy by the exchange process between two major…

Q: Match each example to the appropriate term. Trees used to make paper [Choose ] [Choose] Physical…

A: Physical Capital:  Physical capital includes all man-made tangible goods whether it is final goods…

Q: Which of the following is a factor of production at a university? electricity Scantron sheets the…

A: Factors of production refer to the inputs needed to create a good or service, and the factors of…

Q: the nature of relationss in an institution can influence the institutional objectives.  These…

A: Public Managers, trade Unions, and employee associations play important roles in maintaining sound…