___________ is man made physical goods used to produce other goods.
Physical capital
Human capital
Money capital
Financial capital
Labour can move between:
Jobs
Places
Both between jobs and places
Neither a nor b
The initial supply price of land is
Zero
Greater than one
Less than one
Equal to one
Labour cannot be separated from
Capital
Labourer
Profit
Organization
Factors of production can be
Land
Labour
All of the above
Capital include:
Producer goods
Inventory of material goods
Consumer goods
Land and labour are called _____ factors.
Primary factors
Desired factors
Secondary factors
tertiary factor
Efficiency of labour depends upon
Skill
Physical strength
Training
Reward paid to capital is
Interest
Wages
Rent
An enquiry into the nature and causes of wealth of nation was written by
Alfred Marshall
Adam Smith
Samuelson
Keynes
