6. Which of the following statements about factors of production is aise Ahe term 'factors of production' is another term for resources. The factor of production termed labor means human resources. The factor or production termed land means natural resources. The factor of production termed capital means the money which the owners of firms need Tn order to set their firms up X

6. Which of the following statements about factors of production is aise Ahe term 'factors of production' is another term for resources. The factor of production termed labor means human resources. The factor or production termed land means natural resources. The factor of production termed capital means the money which the owners of firms need Tn order to set their firms up X

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 8PA

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Which of the following statements about factors of production is false Ahe term 'factors of production' is another term for resources. The factor of production termed labor means human resources. The factor or production termed land means natural resources. The factor of production termed capital means the money which the owners of firms need In order to set their firms up X
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