Which of the Following Are Considered Factors of Production Used

question 54

Multiple Choice

Which of the following are considered factors of production used to produce goods and services?
I. Land
II. Labor
III. Capital
IV. Entrepreneurship

• A) I and II only
• B) I and III only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Connectionist Paradigm

A theoretical approach in cognitive science that models mental or behavioral phenomena as the product of interconnected networks of simple units, often inspired by the neural architecture of the brain.

Metaphors

Linguistic expressions where a term or phrase is applied to an object or action to which it is not literally applicable, often to suggest a similarity or analogy.

Cognitive-intellectual Development

The progression of thinking, problem-solving, and learning abilities from childhood through adulthood.

Elderly Patients

Individuals of an older age, often over the age of 65, who may require special considerations in medical treatment due to age-related health concerns.