Which of the Following Is Correct with Respect to the Factors

question 28

Multiple Choice

Which of the following is correct with respect to the factors of production?

• A) The "labour" factor recognizes that it is importance to have labour unions to offset the power of management.
• B) "Capital" is a more important factor than "labour."
• C) As the Canadian economy has become larger and more complex, the importance of entrepreneurs has declined.
• D) Unlike land, labour, and capital, information can be shared without being diminished.
• E) Human resources is an example of the "natural resources" factor.

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Definitions:

Unemployment Insurance

A program organized by the government that offers monetary support to jobless individuals who fulfill specific qualifying criteria.

Bank Deposit Insurance

A protection scheme for bank depositors, ensuring their deposits are safe up to a certain limit in case of bank failure.

Stagflation

An economic condition characterized by slow economic growth, high unemployment, and high inflation.

Eisenhower Administration

The executive leadership period in the United States under President Dwight D. Eisenhower, from 1953 to 1961, noted for moderate domestic policies and significant infrastructure projects.