Which of the Following Is Not a Factor of Production

question 73

Multiple Choice

Which of the following is not a factor of production?

• A)An acre of farmland
• B)A drill press in a machine shop
• C)The manager of the local tire shop
• D)$1000 in cash

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Definitions:

Real Estate Agent

A professional licensed to negotiate and arrange real estate transactions, including buying, selling, renting properties.

Duties

Obligations or tasks that an individual is required or expected to perform.

Registered Outstanding Mortgage

A mortgage that is officially recorded and remains unpaid or not fully discharged.

Mortgage Value

The amount of money lent by a mortgagee (lender) to a mortgagor (borrower) for which the property is used as security.