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 key factor of production for goods/services, so this is true.
• Option B: Entrepreneurs organize land, labor, capital, etc., so this is true.
• Option C: Economic growth (more resources/technology) shifts the Production Possibility Curve (PPC) right, not left. A left shift would mean a decrease in capacity, so this is false.
• Option D: Efficiency in an economy means using scarce resources to the maximum, so this is true.

Answer:

C. Growth in the economy shifts the PPC left.