Which of the Following Is CORRECT? Factors of Production Are

question 165

Multiple Choice

Which of the following is CORRECT? Factors of production are

• A) land, labor, the price system, and capital.
• B) the inputs used to produce goods and services.
• C) the fundamental source of abundance.
• D) only land and labor.

---

Definitions:

Conscientiousness

A characteristic of being reliable, dependable, and having a deep commitment to responsibility.

Big Five

A psychological framework that explains human personality via five wide-ranging traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Psychology

A branch of psychology that studies personality and its variation among individuals, including traits, behaviors, and patterns of thinking.

Existential Awakening

A profound realisation or enlightenment regarding the nature of existence, often leading to a change in perspective on life.