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The basic factors of production include: Land, labor, money, and

Question : The basic factors of production include: Land, labor, money, and : 5483

The basic factors of production include: Land, labor, money, and capital. Land, labor, money, and inputs. Labor and capital. Land, labor, capital, and entrepreneurship. Capital, as economists use the term, refers to: The money needed to start a new businesses. The costs of operating a business. Shares of stock issued by businesses. Final goods that are used to produce other goods and services. The fundamental problem of economics is: The law of increasing opportunity costs. The scarcity of resources relative to human wants. How to get government to operate efficiently. How to create employment for everyone. Production-possibilities curves demonstrate that: Producing more of a good reduces the potential production It is always to produce more of one good. It is always possible to produce more of both goods. It is never possible to produce zero output.

 

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