select the correct answer. which statement is false? a. land is the primary factor of production used in the…

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.

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.

Answer

Brief Explanations:

  • Option A: Land is indeed a primary factor of production for most goods and services.
  • Option B: An entrepreneur organizes and combines land, labor, capital and other factors.
  • Option C: Economic growth means more resources or better - technology, which shifts the Production - Possibility Curve (PPC) right, not left.
  • Option D: Efficiency in an economy is about maximizing the use of scarce resources.

Answer:

C. Growth in the economy shifts the PPC left.