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UkoKoshka [18]
3 years ago
8

In the construction of a new housing development, which factor of production can be categorized as land?

Business
1 answer:
Aliun [14]3 years ago
8 0
The question above is not complete, the alternatives attached to the question are as follow:

A) The people working to develop the community
B) Bike paths and stores
C) Solar power
D) The idea to develop the housing community

ANSWER
The correct option is B.
Land as a factor of production refers to all the natural resources that are free gifts of nature. According to this definition, land as a factor of production include the following: forests, oceans, rivers, mountains, climate, light, heat of the sun and natural resources such as crude oil, copper, gold, silver, coal,etc. The characteristics of land include the following: it is a free gift of nature, fixed in quantity, permanent in nature, immovable, differs in fertility, etc. 

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3 years ago
When individuals use all available information about an economic variable to make a decision, expectations are?
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when individuals use all available information about an economic variable to make a decision, expectations are   -rational

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What are the five economic variables?

There are 5 common economic variable that are considered :

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10 months ago
Two firms, A and B, each currently emit 100 tons of chemicals into the air. The government has decided to reduce the pollution a
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20 more tons of pollution into the air, and Firm B will emit 100 fewer tons of pollution into the air.

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