Question

select the correct answer.
which statement is false?
a. land is the primary factor of production used in the production of all goods and services.
b. an entrepreneur combines all the factors of production.
c. growth in the economy shifts the ppc left.
d. an economy is efficient if it maximizes utilization of all the available scarce resources.

Explanation:

• Option A: Land (including natural resources) is a primary factor of production for goods/services, so A is true.
• Option B: Entrepreneurs combine land, labor, capital, etc., so B is true.
• Option C: Economic growth (more resources/technology) shifts the Production Possibility Curve (PPC) right, not left. So C is false.
• Option D: Efficiency means using scarce resources maximally, so D is true.

Answer:

C. Growth in the economy shifts the PPC left.