The Three Primary Tangible Factors of Production Are

question 38

Multiple Choice

The three primary tangible factors of production are:

• A) revenue, profits, and costs.
• B) price, quantity, and profits.
• C) capital, interest, and savings.
• D) labor, wages, and training.
• E) land, labor, and capital.

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Definitions:

Figure and Ground

The concept of figure and ground refers to a type of perceptual grouping that is a crucial principle in visual perception, determining elements perceived as objects against a background.

Vestibular Senses

Refers to the perception of body balance and movement, mediated by the inner ear.

System Readjusts

The process by which a system modifies itself or its components to adapt to changes in its environment or operations.

Vestibular Sacs

Part of the inner ear involved in balance and spatial orientation, containing fluid that moves in response to changes in head positions.