interest. wages.

C. interest. D. wages. In the United States economy, which of the following factors of production is considered to be the most important in terms of The magnitude of income earned by that factor of production? A. land b. labor c. profit d. capital The basic tools of supply and demand apply to a. markets for goods and services and to markets for labor services. B. markets for goods and services but not to markets for labor services. C. markets for goods and services but not to markets for factors of production. D. all markets except those in which demand is a derived demand.