Which of the Following Is a Basic Factor of Production

question 39

Multiple Choice

Which of the following is a basic factor of production that is used to produce output?

• A) Technology
• B) Labor
• C) Capital
• D) All of these are factor inputs.

---

Definitions:

Disability

Under the Americans with Disabilities Act, a physical or mental impairment that substantially limits one or more major life activities, a record of having such an impairment, or being regarded as having such an impairment.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often including preventive care, diagnostics, treatment, and rehabilitation.

OASDHI

An acronym for Old-Age, Survivors, and Disability Insurance, which is a comprehensive federal benefits program that provides retirement, disability, and survivors benefits.

Flexible Spending Account

Employee-controlled pretax earnings set aside to pay for certain eligible expenses, such as health care expenses, during the same year.