Which of the following statements about factors of production is false? a) The term 'factors of production' is another term for resources. Ob) The factor of production termed labour means human resources. c) The factor or production termed land means natural resources. d) The factor of production termed capital means the money which the owners of firms need in order to set their firms up.

Which of the following statements about factors of production is false? a) The term 'factors of production' is another term for resources. Ob) The factor of production termed labour means human resources. c) The factor or production termed land means natural resources. d) The factor of production termed capital means the money which the owners of firms need in order to set their firms up.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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