Which of the Following Is a Factor of Production

question 151

Multiple Choice

Which of the following is a factor of production?

• A)a necklace produced by a jewellery manufacturer
• B)50 shares of Google stock
• C)the security guard at the local bank
• D)$1 000 in casino chips

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Definitions:

Capital Flight

Refers to the rapid movement of large sums of money or capital out of a country, typically to safer or more profitable markets.

Domestic Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling within a country.

Demographic Transition

A theory describing the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Per Capita Incomes

The average income earned per person in a given area or country.