Which of the following is/are a factor of production?
a) Land.
b) Labor.
c) Capital.
d)Entrepreneur.
e) All of the above.
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Which of the following is true of an entrepreneur? Check all that apply.
a) An entrepreneur operates a business.
b) An entrepreneur does not have a say over what goods and services his company produces.
c) An entrepreneur faces huge risks if things do not go well for the business.
d) Being an entrepreneur is not a risky endeavor.
e) An entrepreneur is usually an inventor.
Which of the following factors of production earns the highest percentage of total US income?
a) Labor.
b) Land.
d) All of the above.
Which of the following are factors of production?
a. Water, earth, fire, air
b. Physical capital, human capital, natural capital
c. Knowledge, skills, talent
d. Land, labor, capital, entrepreneurship
e. Farmland, manual labor, financial capital