Question

What determines the value of an item?

A.the amount of goods that are produced
B.the capital required to build the factory
C.the unlimited wants of the consumers
D.the resources consumed in production

Answer 1

For us to get this question right, we must first understand the meaning of value.

Value is the monetary worth of something in this case it is an item.

From the answers above we should find the choice that gives the monetary worth of this item.

In this case it is choice B since it is talking about capital which is measured in monetary terms.