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Questions and Answers
Which of the following are factors of production?
Which of the following are factors of production?
- Labor, money, infrastructure, and innovation
- Land, labor, capital, and entrepreneurship (correct)
- Land, currency, technology, and management
- Labor, machinery, investment, and marketing
Which factor of production is not tangible tools but knowledge and skill?
Which factor of production is not tangible tools but knowledge and skill?
- Social capital
- Natural capital
- Human capital (correct)
- Physical capital
Which factor of production refers to the physical tools and machinery used in production?
Which factor of production refers to the physical tools and machinery used in production?
- Capital (physical) (correct)
- Labor
- Entrepreneurship
- Land
