Which of the Following Best Defines Capital as a Factor

question 329

Multiple Choice

Which of the following best defines capital as a factor of production?

• A) the gifts of nature that businesses use to produce goods and services
• B) the knowledge and skills that people obtain from education and use in production of goods and services
• C) financial assets used by businesses
• D) instruments, machines, and buildings used in production

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Definitions:

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, language, problem solving, and other areas of human cognitive function.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Humanistic Perspective

A psychological approach emphasizing personal growth, self-actualization, and the inherent goodness of people, focusing on the individual's potential and stressing the importance of self-awareness and personal choice.