Which statement is false? 1 land is the primary factor of production used in the production of all goods and services. 2 an entrepreneur combines all the factors of production. 3 growth in the economy shifts the ppc left. 4 an economy is efficient if it maximizes utilization of all the available scarce resources.

Respuesta :

The correct answer is figure 3. There are four basic factors of production, land is one of them. The other three are capital, entrepreneurship and labor. Land is a natural resources that has already been put in place by nature, it is a free gift of nature. Other features of land include the following: it is fixed in quantity, it is fixed in quantity and it is immovable.

Which statement is false?

a. Land is the primary factor of production used in the production of all goods and services.

b. An entrepreneur combines all the factors of production.

c. Growth in the economy shifts the PPC left.

d. An economy is efficient if it maximizes utilization of all the available scarce resources.

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