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Factors of Production Quiz
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Factors of Production Quiz

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Questions and Answers

Which factor of production refers to the physical space and natural resources used in production?

  • Labor
  • Land (correct)
  • Entrepreneurship
  • Capital
  • Which factor of production represents the human effort, both physical and mental, used in the production of goods and services?

  • Capital
  • Entrepreneurship
  • Labor (correct)
  • Land
  • Which factor of production encompasses the tools, machinery, and infrastructure used in the production process?

  • Labor
  • Capital (correct)
  • Entrepreneurship
  • Land
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