A Factor of Production Is the Same As

question 95

Multiple Choice

A factor of production is the same as:

• A) the amount of a good produced.
• B) the price of a good.
• C) a profit of a firm.
• D) an opportunity cost.
• E) a resource.

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Definitions:

Summary Dismissal

A legal action resulting in the immediate termination of an employee or ending of a contract without notice, due to a breach or misconduct.

Termination

The act of ending something, such as a contractual agreement, employment, or service, either by mutual agreement or through a unilateral decision.

Gender Discrimination

The unfair treatment of individuals based on their gender, violating principles of equality and justice.

Equal Employment

A principle that mandates equal job opportunities for all, regardless of race, gender, or other non-merit factors.