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harkovskaia [24]
3 years ago
7

Which of the following is not a factor of production?

Business
2 answers:
kumpel [21]3 years ago
6 0
<span>Money, political resources, and infrastructure are not considered economic factors of production.

</span>
just olya [345]3 years ago
6 0

Answer

The correct answer is option B.

Goods and services.

Explanation

Neoclassical view of the economics suggests four factors of the productions which serve as inputs to carry out production Goods and services on the other hand are the end products that are derived from the process of production.

Further Explanation

The four factors of production are:

Land – The land as a factor of production refers to the commercial significance of land to support an economic activity. The land as a resource can be used by the farmers to conduct agricultural practices or it can be consumed to derive natural resources like oil and gold.

Labor – Labor refers to the effort made in order to carry on the production activity. The skilled manpower is necessary to fruitfully ensure the process of production in producing the goods and services.

Capital – Capital as a factor of production refers to the assets such as knowledge, tools, machinery etc. which factors the process of production to produce further goods and services.

Entrepreneurship – This factor of the production combines with all other factors of the production to ensure the production of goods and services.

Learn More

Learn  more about the market value of the goods and services : brainly.com/question/6278309 ; Answered by Likableadvisers

Learn more about the : brainly.com/question/7421468 ; Answered by Kendra241

Keywords

Factors of production, the four factors of production, goods and service as factor of production.

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Which bests describes the purpose served by economic models within an economic systemh
snow_lady [41]

To identify patterns.

An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.

6 0
3 years ago
Indicate the type of Deferred Tax account created by Unearned Revenues and Prepaid Expenses, respectively:
irina [24]

Answer:

The answer is Deferred tax asset and Deferred tax liability.

Explanation:

Unearned revenue creates deferred tax asset. In here, taxes have been paid because income has been received but have not been recognized on the income statement because according to the revenue recognition, the services for the revenue has not been rendered.

Prepaid expenses give rise to deferred tax liability. In here, taxes have been recognized on income statement but the actual tax has not been paid. Income tax expense on income statement is greater than taxes payable

5 0
2 years ago
Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The stock sells for $27
natali 33 [55]

Answer:

5.95%.

Explanation:

Expected dividend (D1) $1.25

Stock price $27.50

Required return 10.5%

Dividend yield 4.55%

Growth rate = rS - D1/P0 = 5.95%.

4 0
3 years ago
Based on what you have read, as the united states develops a postindustrial economy, economic inequality is _______
Sloan [31]

Economic inequality increases as a society moves to postindustrialism because there is more opportunity for specialization. Rather than most people doing the same types of jobs and earning similar incomes, some people will excel more than others.

8 0
3 years ago
The larger the mpc (marginal propensity to consume), the ______ the income-expenditure multiplier and the ______ the effect of a
makkiz [27]

Answer:

The correct answer is: larger; greater

Explanation:

Marginal propensity to consume shows the portion of disposable income that will be spent on the consumption of goods and services. Higher the marginal propensity to consume higher will be consumption spending.  

The expenditure spending multiplier shows the increase in income due to an increase in autonomous expenditure.  

Higher the marginal propensity to consume higher will be the investment-expenditure multiplier and greater will be the change in the output level because of change in autonomous spending.

7 0
3 years ago
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