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.