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PAGE 119
Copyright ? 2012 Pearson Education, Inc.
Microeconomics, 10e (Parkin)
Chapter 18 Markets for Factors of Production
1 The Anatomy of Factor Markets
1) Which of the following groups lists the four factors of production?
A) labor, capital, land, entrepreneurship
B) labor, capital, land, money
C) labor, money, land, entrepreneurship
D) labor, capital, money, entrepreneurship
Answer: A
Topic: Factors of Production
Skill: Recognition
Question history: Previous edition, Chapter 18
AACSB: Reflective Thinking
2) Profit is the factor price for ________ .
A) capital
B) land
C) entrepr
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