Which of the Following Are Considered Factors of Production Used

question 97

Multiple Choice

Which of the following are considered factors of production used to produce goods and services?
I. Land
II. Labour
III. Capital
IV. Entrepreneurship

• A)I and II only
• B)I and III only
• C)I, II and III only
• D)I, II, III and IV

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Definitions:

Confidence Interval

A range of values, derived from statistical analysis, that is likely to contain the true value of an unknown parameter with a certain level of confidence.

Incentive Program

A plan or approach aimed at promoting certain behaviors or activities by providing incentives or advantages.

Sick Leave

Paid or unpaid time off work provided by employers for employees who cannot work due to illness.

Real Estate Agent

A licensed professional who arranges real estate sales, purchases, and rentals for clients.