Any Factor of Production Is Capital If It

question 106

Multiple Choice

Any factor of production is capital if it:

• A) was produced and can be used to produce other goods and services.
• B) generates utility.
• C) uses human effort to produce goods and services.
• D) is included in financial capital.

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Definitions:

Phonetic Method

An approach to teaching reading and writing that emphasizes the learning of sounds and the letters that represent them, often used in early childhood education.

Teaching

The act or profession of imparting knowledge, skills, or values to others.

Cognitive Development

The process by which individuals acquire, understand, and utilize knowledge through thought, experience, and the senses.

Transitivity

In mathematics and logic, the property of a relation where if it applies between successive pairs like a is to b and b is to c, it also applies directly between a and c.