A Skill Is A(n)

question 49

Multiple Choice

A skill is a(n) :

• A) ability to perform a task that has been honed through experience.
• B) fact that one can learn through repeated exposure.
• C) event one can remember from childhood.
• D) ability that is innate, such as a reflex.

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Definitions:

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.

Economic Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Consumption Goods

Goods that are used by consumers for personal use and satisfaction, not for production or investment.

Lollipops

A hard candy on a stick.