2.3 Test Bank 2024/2025 updated Questions And Answers 100% correct Verified

Which of the following is not a factor of production?money Which of the following is a factor of production?oven in bakery An example of a factor of production iswork hired by dell If a commercial dairy farm wants to raise funds to purchase feeding troughs, it does so in thefactor market. The natural resources used in production are made available in thefactor market. When you purchase a new pair of jeans you do so in theproduct market. The resource income earned by those who supply ________ is called wages.labor Which of the following statements about an entrepreneur is falsesells his entrepreneurial services in the output market The ________ demonstrates the roles played by households and firms in the market system.circular flow model