Which Is an Example of a Factor of Production

question 59

Multiple Choice

Which is an example of a factor of production?

• A) corporate social responsibility
• B) business ethics
• C) entrepreneurship
• D) the economic climate

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Definitions:

Bread

A staple food made from a dough of flour and water, usually by baking.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between the two goods.

Consumption Possibilities Frontier

A curve depicting all possible combinations of two goods or services that a consumer can purchase given their income and the prices of the goods.

Self-sufficient Producer

An individual or entity that produces all they need to consume, relying minimal on external sources for goods or services.