Which of the Following Is a Factor of Production for a Firm

question 83

Multiple Choice

Which of the following is a factor of production for a firm?

• A)Advertising media
• B)Legal consultants
• C)Customers
• D)Natural resources
• E)Company reputation

Grasp the Five Fundamental Questions of economics within a market system.

Identify unique characteristics of a market system including private ownership and competition.

Understand the concept and significance of specialization in economic production.

Recognize the influence of consumer demand on market supply and employment.

---

Definitions:

Brain Size

Refers to the volume or weight of the brain, often correlated with various aspects of intelligence and cognitive abilities in different species.

Homo Neanderthalensis

An extinct species of archaic humans that lived in Eurasia until about 40,000 years ago, known for their robust build and large cranial capacity.

Homo Erectus

An extinct species of early human that lived throughout much of the Pleistocene geological epoch, known for its upright walking ability.

Neurons

Unique cells within the nervous system responsible for transferring information to other neural cells, muscular cells, or glands.