To Be Considered Capital, a Factor of Production Must

question 127

Multiple Choice

To be considered capital, a factor of production must:

• A) have been produced.
• B) occur naturally.
• C) be part of a factory or building.
• D) be a skill or talent possessed by a person.

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Definitions:

Pervasive

Spreading widely throughout an area or a group of people, often referring to elements that are present in all parts of a particular society or system.

Influences

Forces or factors that can directly or indirectly affect individuals' behaviors, beliefs, or decisions.

Genetic Influences

The impact of genes inherited from parents on the traits, behaviors, and characteristics of an individual.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors and attitudes.