Which of the Following Groups Lists the Four Factors of Production

question 280

Multiple Choice

Which of the following groups lists the four factors of production?

• A) labor, capital, land, entrepreneurship
• B) labor, capital, land, money
• C) labor, money, land, entrepreneurship
• D) labor, capital, money, entrepreneurship

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time, allowing organisms to focus on changes in their environment.

Conscious Awareness

The state of being aware of one's own existence, sensations, thoughts, surroundings, etc.

Light Rays

Streams of photons traveling in a straight line, which are the basis of vision and are instrumental in phenomena such as reflection and refraction.

Retina

A light-sensitive layer at the back of the eye that converts light into neural signals which are sent to the brain.