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Economics (AS & A Level) · Oct / Nov 2021 · Paper 12 · Question 4

9708Factors of production

Which statement about the factors of production is correct?

  1. AThe factor capital includes shares and deposit accounts at banks.
  2. BThe factor labour includes human-made resources.
  3. CThe factor land includes forests and undiscovered copper.
  4. DThe factor enterprise takes risks and is rewarded with interest.

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Correct answer: C. The factor land includes forests and undiscovered copper.

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