The Three Broad Types of Factors of Production Are

question 19

Multiple Choice

The three broad types of factors of production are:

• A) capital, labor, and natural resources.
• B) money, profit, and interest.
• C) stocks, bonds, and financial assets.
• D) technology, human capital, and comparative advantage.

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Definitions:

Fault Code

A condition failure code logged to computer memory and often broadcast onto the vehicle data bus. Classified as active or historic/inactive, fault codes are assigned one of twelve failure mode indicators (FMIs) for purposes of diagnosing system conditions and recording to audit trails.

Ignition Key

A key used to start a vehicle's engine by engaging the ignition system.

Gear Select Sensor

A device in a vehicle's transmission system that detects the position of the gear lever and sends signals accordingly to the transmission control module.

Rail Shaft

A long, cylindrical component that serves as a guide or support for moving parts, commonly used in machinery and equipment to ensure precise linear motion.