Which of the Following Is NOT a Factor in Determining

question 13

Multiple Choice

Which of the following is NOT a factor in determining potential output?  

• A) the supply of labour 
• B) labour productivity 
• C) the technology in current use 
• D) the number of consumers in the market

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Definitions:

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made regarding the condition or performance of a product or service.

Sue for Damages

The act of bringing a legal action against someone in order to seek monetary compensation for harm or injury suffered.

Breach of Warranty

A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.

Exemption Clauses

Provisions in a contract that limit or exclude one party’s liability under certain circumstances.