Which of the Following Factors of Production Is Most Likely

question 21

Multiple Choice

Which of the following factors of production is most likely to be variable in the short run?

• A)capital equipment
• B)land
• C)labour
• D)entrepreneurship
• E)technology

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Definitions:

Deductive Arguments

Arguments where the conclusion logically follows from the premises, such that if the premises are true, the conclusion must also be true.

Premises

Statements or propositions from which conclusions are drawn in logical arguments.

Conclusion

The end or finish of an event, process, or text.

Categorical Syllogism

An argument based on deduction that consists of two premises and three distinct terms, with each term appearing exactly two times across the three propositions.