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Jlenok [28]
4 years ago
14

Which statement is false? 1 land is the primary factor of production used in the production of all goods and services. 2 an entr

epreneur combines all the factors of production. 3 growth in the economy shifts the ppc left. 4 an economy is efficient if it maximizes utilization of all the available scarce resources.
Business
1 answer:
True [87]4 years ago
3 0
<span>The correct answer is figure 3. There are four basic factors of production, land is one of them. The other three are capital, entrepreneurship and labor. Land is a natural resources that has already been put in place by nature, it is a free gift of nature. Other features of land include the following: it is fixed in quantity, it is fixed in quantity and it is immovable.</span>
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</span>\boxed{\bf C.~backwards~induction}&#10;<span>

</span>
\bf Explanation:
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