Which of the Following Is NOT a Factor of Production

question 103

Multiple Choice

Which of the following is NOT a factor of production?

• A) the water used to cool a nuclear power plant
• B) the effort of farmers raising cattle
• C) the wages paid to workers
• D) the management skill of a small business owner

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Definitions:

Fair Dice

A perfectly balanced dice where each outcome has an equal chance of occurring, ensuring unbiased results in games of chance.

Sum Greater

A condition or outcome where the total quantity or amount exceeds a specified reference point or comparison amount.

Probability Model

A mathematical representation that assigns probabilities to different outcomes in a random experiment.

Amount Won

The total sum of money or prizes earned from a competition or gambling.