Which of the Following Is Not a Resource Exchanged in the Factor

question 56

Multiple Choice

Which of the following is not a resource exchanged in the factor markets?

• A)​land
• B)​capital
• C)​labor
• D)​All of the above are traded in the factor market.

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Definitions:

Usury Law

Legislation that sets maximum interest rates that can be charged on loans, to prevent excessive interest.

Market Equilibrium

A market state where the quantity supplied equals the quantity demanded, leading to a balance in price and volume.

Interest Rate

The cost of borrowing money expressed as a percentage of the total amount borrowed.

Nominal Interest Rates

are the stated interest rates unadjusted for inflation, representing the actual current cost of borrowing or the raw yield on savings.