Question

To realize his passion,Alex recently opened Original Tunes,Inc. ,a small state of the art recording studio in Nashville,TN.He probably could have set-up shop in several major cities,but Nashville offered him the two most important factors that he learned in business school would enhance the creation of wealth: labor and political freedom.
a. True
b. False

Answer 1

Answer:

a. True

Explanation:

Indeed, we could rightly say the statement is true by remembering the four key factors of production (business):

• capital (wealth)
• labor
• resources
• entrepreneur.

Labor is part of the list of important factors and political freedom allows the entrepreneur to sucessfully manage business activities.