Which of the Following Correctly Lists the Categories of Factors

question 88

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) machines, buildings, land, and money
• B) hardware, software, land, and money
• C) capital, money, and labor
• D) owners, workers, and consumers
• E) land, labor, capital, and entrepreneurship

Recognize the effects of currency appreciation and depreciation on trade and personal finance.

Interpret the balance of payments and its components.

Grasp the historical context and evolution of the international financial system.

Understand the concepts of financial account surplus and deficit and their implications.

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Definitions:

CD-Rom Drives

Devices used to read data stored on CD-ROMs, once prominent for software distribution and media storage, but now largely obsolete due to technological advancements.

Tariffs

Taxes imposed by a government on imported or exported goods.

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for its large economy and advanced technology.

Import

The act of bringing goods or services into a country from abroad for sale.