Capital, labor, and land
A)have derived demands.
B)are factors of production.
C)are inputs used in the production of goods and services.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Capital, labor, and land are all factors of production that are used as inputs in the production process to create goods and services. They also have derived demands, meaning that their demand is ultimately derived from the demand for the final goods or services that they help produce. Therefore, all of the given choices are correct.

Capital, Labor, and Land