The Factor of Production Called "Land" Can Be Defined as The

question 116

Multiple Choice

The factor of production called "land" can be defined as the:

• A) earth and anything naturally occurring on or in it used to produce goods and services.
• B) area of the earth exchanged in the real estate market by businesses.
• C) fraction of total costs spent on rent, lease, or mortgage.
• D) earth and any structures on it that are used to produce goods and services.

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Definitions:

System Software

Software designed to provide a platform for other software. Examples include operating systems and utility software.

ROM

ROM stands for Read-Only Memory, a type of non-volatile storage that is used primarily in computers and other electronic devices to hold permanent data that does not change.

Multiuser Systems

Computer systems that allow multiple users to access or operate the system simultaneously.

Coding The Algorithm

The process of translating a set of algorithm steps into a programmable language to solve a specific problem.