An event that changes the supply of any factor of production can alter the earnings of all the factors.

Name: An event that changes the supply of any factor of production can alter the earnings of all the factors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Changes in the supply of any factor of production, such as labor, capital, or natural resources, can affect the distribution of income among all factors by altering their relative scarcity and productivity, thereby impacting their earnings.

An Event That Changes the Supply of Any Factor of Production