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Questions and Answers
Which of the following is NOT one of the factors of production?
Which of the following is NOT one of the factors of production?
- Capital
- Natural resources (correct)
- Labor
- Entrepreneurship
Which of the following is an example of a nonrenewable natural resource?
Which of the following is an example of a nonrenewable natural resource?
- Copper
- Oil (correct)
- Water
- Forests
Which of the following is an example of a renewable natural resource?
Which of the following is an example of a renewable natural resource?
- Water (correct)
- Oil
- Natural gas
- Copper
What is the term used for resources that are used to make goods and services?
What is the term used for resources that are used to make goods and services?
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What is the first factor of production needed to produce a good or service?
What is the first factor of production needed to produce a good or service?
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