Which of the Following Correctly Lists the Categories of Factors

question 148

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) land, labor, capital, and entrepreneurship
• B) land, buildings, capital, and entrepreneurship
• C) labor, machines, buildings, capital, and entrepreneurship
• D) forests, fish, buildings, capital, and entrepreneurship
• E) labor, money, stocks, and bonds

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Definitions:

Machine Locations

Refers to the strategic placement of machinery within a production facility to optimize workflow and efficiency.

Tractors

Heavy-duty vehicles designed primarily for off-road use in agriculture and construction to pull or power various equipment.

Minimize

The process of reducing or bringing something down to the smallest possible amount or degree.

Distances

The amount of space between two points, which can be measured in various units such as kilometers, miles, meters, or feet, important for logistics and planning.