The Factors of Production Are Which of the Following

question 148

Multiple Choice

The factors of production are which of the following?

• A) The outputs generated by the production process of transforming land, labor, and capital into goods and services.
• B) The land resources, such as natural resources, that are unimproved by human economic activity.
• C) Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).
• D) Labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.

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Definitions:

Relationship Satisfaction

A measure of the contentment one feels within a relationship, often considered an important factor in its longevity and success.

Conformity

Adopting attitudes, behaviors, and beliefs to conform to the norms of a group or the standards set by society.

Obedience

The act of following orders or directives from an authority figure, often studied in psychology to understand social influence and control.

Group Norms

Shared guidelines or expectations within a group concerning appropriate behaviors, values, or beliefs.