Join ExamsbookAnswer : 1. "the capital required to build the factory"
What determines the value of an item?5
Q: What determines the value of an item?
- 1the capital required to build the factorytrue
- 2the unlimited wants of the consumersfalse
- 3the resources consumed in productionfalse
- 4the amount of goods that are producedfalse
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Answer : 1. "the capital required to build the factory"
Explanation :
Answer: A) the capital required to build the factory Explanation: Value is the monetary worth of something, in this case, it is an item. In option A, since it is talking about capital which is measured in monetary terms. The value of an item is determined by its quality and its age. Often antiques with good quality are sold in the market with a high value and are sometimes auctioned.