Which of the Following Is NOT an Example of a Factor

question 133

Multiple Choice

Which of the following is NOT an example of a factor of production?

• A) the land ploughed by a farmer in order to grow corn
• B) the chief executive officer of a large corporation
• C) an office building
• D) a product's price

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Definitions:

Income Inequality

The uneven distribution of income within a population, leading to gaps between the wealthiest and the poorest members of society.

Marxist

Pertains to the theories and methodologies derived from the works of Karl Marx, focusing on class struggle, economic analysis, and societal change.

Weberian

Pertaining to the theories or methodologies of the German sociologist Max Weber, especially in relation to the social and economic organization of society.

Functionalist

A functionalist is a social theorist who focuses on the role that societal structures and institutions play in maintaining social stability and order.