Which of the Following Factors of Production Is Not Variable

question 117

Multiple Choice

Which of the following factors of production is not variable in the long run?

• A) the size of the firm's plant
• B) land
• C) highly skilled labor
• D) All factors are variable in the long run.

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Definitions:

External Slave Trade

The trade of enslaved people across national borders, particularly referring to the African slave trade where Africans were forcibly transported to the Americas.

Omission

The act of leaving out or excluding someone or something, either intentionally or unintentionally.

Constitution

The fundamental set of principles and established precedents according to which a state or other organization is governed.

American Ideals

The set of values and principles, such as liberty, democracy, and equality, which are foundational to the identity and governance of the United States.