Factors of Production Are Different from Inputs in That Factors

question 291

Multiple Choice

Factors of production are different from inputs in that factors of production:

• A)can be used over and over again,but inputs cannot.
• B)can be used only once,whereas an input can be used over and over again.
• C)refer only to labor,while inputs refer to machinery.
• D)encompass only land and other natural factors,while inputs are ingredients.

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Need For Achievement

The motive to engage in and succeed at entrepreneurial achievement behavior.

Stimulation

The activity of encouraging something to grow, develop, or become active, often related to sensory or intellectual input.