Which of the Following Statements About Factors of Production Is

question 263

Multiple Choice

Which of the following statements about factors of production is the most accurate?

• A) The five factors of production are energy, capital, labor, leadership, and money.
• B) Wealth creation in poor nations is slowed by chronic shortages of labor.
• C) Each of the factors of production is equally important in creating wealth.
• D) Entrepreneurship and knowledge are the most important in creating wealth.

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Definitions:

Psychosocial Development

A concept introduced by Erik Erikson, referring to the growth and development of the individual’s psyche in and interaction with their social environment.

Initiative

A willingness to take charge or begin actions independently.

Guilt

An emotional state that arises from the realization or belief that one has committed an error, offense, or violated a moral standard.

Psychoanalytic Work

involves the application of psychoanalytic theories and techniques to explore and treat the unconscious motivations and conflicts underlying mental disorders.