As a Factor of Production,any of the Gifts of Nature

question 107

Multiple Choice

As a factor of production,any of the gifts of nature are called

• A) land.
• B) labor.
• C) capital.
• D) entrepreneurial ability.
• E) physical capital.

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Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Meaningful Code

Computer code or programming that is designed with clear purpose and functionality, making it easily understandable and relevant to its intended task.

Sensory Storage

Sensory storage is the very short-term storage of sensory information, part of the memory process that holds impressions of sensory information after the original stimuli have ended.

Memory Storage

The process by which information is maintained over a period of time in the brain for future use.