Which of the Following Statements About Factors of Production Is

question 263

Multiple Choice

Which of the following statements about factors of production is the most accurate?

• A) The five factors of production are energy, capital, labor, leadership, and money.
• B) Wealth creation in poor nations is slowed by chronic shortages of labor.
• C) Each of the factors of production is equally important in creating wealth.
• D) Entrepreneurship and knowledge are the most important in creating wealth.

---

Definitions:

Expression

A combination of symbols and operators that represent a value or concept.

Positive Exponents

Indicate how many times a number, the base, is to be multiplied by itself.

Expression

A combination of symbols that represent values or operations in mathematics.

Z

Often represents a variable in mathematics or denotes the set of all integers in number theory.