Factors of Production Are

question 79

Multiple Choice

Factors of production are

• A)the mathematical calculations firms make in determining their optimal production levels.
• B)social and political conditions that affect production.
• C)the physical relationships between economic inputs and outputs.
• D)inputs into the production process.

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Definitions:

Politically Disadvantaged

Individuals or groups lacking influence or power within political systems, often due to economic status, race, or ideology.

Global Warming

Global warming refers to the long-term rise in Earth's average surface temperature due to human-made emissions of greenhouse gases.

Serious Climate Change

Significant alterations in global or regional climate patterns, typically linked to human activities like fossil fuel burning.

Soil Erosion

The process by which soil is removed from the land by wind, water, or other natural agents, leading to loss of fertility and land degradation.