Which of these terms are used interchangeably?
A)"goods and services" and "inputs"
B)"goods and services" and "factors of production"
C)"inputs" and "factors of production"
D)"land,labor,and capital" and "goods and services"

Question

Quizplus · Accepted Answer

Inputs and factors of production are often used interchangeably, as they both refer to the resources and materials needed to produce goods and services. However, neither term is typically used interchangeably with "goods and services" or "land, labor, and capital."

Which of These Terms Are Used Interchangeably