Which of the Following Statements About Factors of Production Is

question 242

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:

Northern Elephant Seals

Large marine mammals recognized for their significant size and the males' distinctive large noses, native to the North Pacific Ocean.

Genetic Loci

Specific locations or positions on a chromosome where a gene or genetic marker is situated.

Alleles

Different forms of the same gene, found at the same locus on a chromosome, which vary in their nucleotide sequence and can influence the trait they control in different ways.

Beneficial Allele

A beneficial allele is a variant form of a gene that gives an organism a higher probability of survival or reproduction in a specific environment.