Which of the following is NOT considered one of the factors of production?
A) land
B) labor
C) capital
D) technology
E) entrepreneurship
D
Economics
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According to the text, the real source of power in the modern corporation lies with the
a. stockholders b. bondholders c. board of directors d. bankers e. managers
Economics
Everything else equal, the more rivals a firm has, the
a. less kinked is its demand curve. b. closer is its equilibrium price to its average variable costs. c. more differentiated is its product from rivals' products. d. more elastic is its demand curve.
Economics