Which of the Following Is the Best Example of Land

question 48

Multiple Choice

Which of the following is the best example of land?

• A) mineral deposits
• B) human efforts
• C) buildings and equipment that contribute to production
• D) accounts receivable
• E) goods and services purchased by households for their enjoyment

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Definitions:

Farm Productivity

The output of agricultural goods per unit of input, such as labor or land, over a certain period.

Labor Productivity

A measure of economic performance that examines the amount of goods and services produced by one hour of labor.

Unionized Labor Force

A workforce that is represented by one or more unions, which negotiate wages, working conditions, and other employment terms on behalf of their members.

Entrepreneur

An individual who initiates and operates a new business venture, taking on financial risks in the hope of profit.