Which of the Following Is Not a Factor of Production

question 195

Multiple Choice

Which of the following is not a factor of production?

• A)Timmy who is developing a production schedule for a new product
• B)175 shares of Microsoft stock
• C)Vans used by a bakery company for deliveries
• D)Wilderness areas that have yet to be developed
• E)National parks

---

Definitions:

ITQs

Individual Transferable Quotas, a common tool in fisheries management allowing holders to catch a specific percentage of the total allowable catch.

Pacific Halibut

A large species of flatfish found in the North Pacific Ocean, highly valued for commercial fishing and cuisine.

Present Value

The present value of a future amount of money or series of cash payments, calculated using a particular return rate.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at any given time.