The Inputs Used to Produce Goods and Services Are Called

question 65

Multiple Choice

The inputs used to produce goods and services are called

• A)profit factors.
• B)marginal products.
• C)labor demands.
• D)factors of production.

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Definitions:

Negligence

The failure to exercise the level of care that a reasonably prudent person would under similar circumstances, resulting in harm.

Cause in Fact

A legal principle determining whether a defendant's actions are the actual cause of the plaintiff's injury.

Injury

A physical or mental harm to a person that is caused by an accident, disease, or some other event.

Doctrine of Strict Liability

A legal principle holding parties responsible for damages or injuries arising from their actions, regardless of fault or negligence.