Macro

1.Which of the following elements are not factors of production?

A) capital

B) work

C) the innovation

D) managerial skills

2.Which of the assertions about the factors of production is correct?

A) land is a derived production factor that represents all the goods produced and used to obtain other goods

b) capital is a primary production factor that represents all the goods produced and used to obtain other goods

C) the circulating capital consists of goods that participate in several production cycles

D) entrepreneurial skills are a special type of human resource that organizes the other factors of production, having as a counter value the profit

3.GDP at market price does not include?

A) subsidies

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