Goods and Services Are Produced by Using Four Factors of Production

question 29

Multiple Choice

Goods and services are produced by using four factors of production:

• A) land, labor, capital, and entrepreneurship.
• B) land, labor, money, and equipment.
• C) natural resources, human resources, financial assets, and entrepreneurial resources.
• D) labor, human capital, physical capital, and financial capital.
• E) land, labor, capital, and money.

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Definitions:

Corpus Callosum

The large neural structure containing fibers that connect the right and left cerebral hemispheres.

Frontal

Pertaining to the frontal lobe of the brain, which is involved in executive functions such as decision making, problem solving, and controlling behavior and emotions.

Parietal

Pertaining to the parietal lobe of the brain, involved in processing sensory information regarding the location of parts of the body as well as processing language and mathematics.

Occipital Lobes

The region of the brain located at the back of the head, responsible for processing visual information from the eyes.