Which of the Following Is NOT a Factor of Production

question 34

Multiple Choice

Which of the following is NOT a factor of production?

• A) land
• B) output
• C) inputs
• D) entrepreneurship
• E) capital

Utilize posttermination follow-up sessions effectively.

Understand the primary tasks associated with the termination phase.

Assess the effectiveness of social work interventions and the maintenance of client gains post-termination.

Identify and apply various evaluation methods relevant to social work practice.

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Definitions:

Production Functions

a mathematical relationship expressing the output that can be produced by a firm or economy from different combinations of factor inputs.

Resale of Goods

The act of selling previously purchased products, often used, to another party.

Price-Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Price-Elastic

A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.