The Fundamentals of Production Costs and Factors of Production Quiz
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The Fundamentals of Production Costs and Factors of Production Quiz

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@RationalRainbow

Questions and Answers

What are the four factors of production?

The four factors of production are land, labor, capital, and entrepreneurship.

What is the cost of production?

The cost of production refers to the payments made to owners of the resources used in the production process.

What does mobility of resources mean?

Mobility of resources refers to the ability of factors of production to move or be moved freely and easily.

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