Land Is a Factor of Production That Is fiXed in Supply

question 2

True/False

Land is a factor of production that is fixed in supply and cannot be produced.

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Definitions:

Economic Status

Refers to the social standing or class of an individual or group often measured by income, wealth, employment, and education.

Social Status

The position or rank of a person or group within the society, often determined by wealth, occupation, education, or family heritage.

Eating Disorder

A mental disorder characterized by abnormal eating habits which negatively affect a person's physical or mental health.

Anorexia Nervosa

An eating disorder characterized by an intense fear of gaining weight and a distorted body image leading to extreme weight loss.