Which of the Following Is Not an Example of a Factor

question 50

Multiple Choice

Which of the following is not an example of a factor of production?

• A) A forest.
• B) A computer program.
• C) A labor leader.
• D) Dollars.

Differentiate between microeconomics and macroeconomics and their respective fields of study.

Understand the concept of opportunity costs and its application in decision making.

Identify the distinction between positive and normative statements and their roles in economics.

Recognize the economizing problem as a fundamental economic issue.

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Definitions:

Muscular Contractions

The process by which muscle fibers produce tension or force by converting chemical energy into mechanical energy.

Internal Chest Wall

The inside layer of the chest wall, consisting of ribs, muscles, and connective tissue, which supports and protects thoracic organs.

Pulmonary Artery

Blood vessel that transports oxygen-poor blood from the heart to the lungs.

Alveolus

The tiny, air sac structures within the lungs where gas exchange with the blood takes place, vital for breathing and oxygenation of blood.