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Which statement is correct? A. The quality of the factors of production is insignificant; it is only the quantity that matters. B. The difference between
Which statement is correct?
- A. The quality of the factors of production is insignificant; it is only the quantity that matters.
B. The difference between capital goods and consumer goods is that the former maintain their full value over time.
C. Capital as a factor of production refers to the amount of money required to produce a good or service.
D. It is possible to increase the total income for the economy as a whole without increasing production. This is the miracle of the modern monetary economy.
E. The total income in the economy is equal to the total remuneration of the factors of production.
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