The Three Broad Types of Factors of Production Are

question 19

Multiple Choice

The three broad types of factors of production are:

• A) capital, labor, and natural resources.
• B) money, profit, and interest.
• C) stocks, bonds, and financial assets.
• D) technology, human capital, and comparative advantage.

---

Definitions:

Cones

Cones are photoreceptor cells in the retina of the eye responsible for color vision and operate best under bright light conditions, differing from rods, which are more sensitive to dim light.

Rods

Photoreceptor cells in the retina of the eye that are highly sensitive to light, making them responsible for vision at low light levels.

Feature Detector

Neurons in the brain that are specialized in recognizing specific features of a stimulus, such as angles or movement.

Receptor Cell

A cell that responds to specific stimuli from the environment, such as light or chemicals, and converts them into electrical signals.