In Economics,the Factor of Production 'Land' Includes All of the Following

question 52

Multiple Choice

In economics,the factor of production 'land' includes all of the following EXCEPT

• A)energy.
• B)animals,birds and fish.
• C)wild plants.
• D)oil.
• E)plastics.

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Definitions:

Federal Lands

These are lands owned by the federal government of a country, often used for various purposes such as parks, reserves, or military bases.

Western Timber

Refers to the forests and lumber resources found in the western region of the United States, crucial for the country’s construction and paper industries.

California Gold Rush

A period of rapid migration to California following the discovery of gold in 1848, significantly impacting the state's demographics and economy.

Timothy Flint

An American author and missionary (1780–1840), known for his works on the American frontier and his contributions to Western literature.