Factors of Production Such as Labor and Capital

question 59

Multiple Choice

Factors of production such as labor and capital

• A) are complementary.
• B) are substitutable.
• C) can be complements and also substitutes.
• D) can be neither complements nor substitutes.

---

Definitions:

Organic Produce

Fruits and vegetables grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms, adhering to specific organic farming standards.

Positively Correlated

A relationship between two variables where both variables move in tandem in the same direction.

Same Direction

Refers to variables moving in unison, either increasing or decreasing together.

NASCAR

The National Association for Stock Car Auto Racing, a sanctioning body for multiple auto-racing sports events.