Social Studies, 08.10.2020 06:01, 10040816
Which statements correctly identify limitations of the factors of production? Check all that apply.
Economies must consider their limitations when answering the three questions of economics.
Land is a factor of production that is limited only by the amount available.
Capital includes all money and physical facilities needed to create a product.
Labor is a factor driven by the size of the population, education, and standard of living.
An economy can function well when producing outside its limitations
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Which statements correctly identify limitations of the factors of production? Check all that apply....
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