Which of the Following Is NOT a Factor of Production

question 443

Multiple Choice

Which of the following is NOT a factor of production?

• A) mineral resources
• B) a university professor
• C) an apartment building
• D) 100 shares of Microsoft stock

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Definitions:

Recency Effect

A cognitive bias that makes people more likely to remember the last items in a series.

Primacy Effect

The tendency to remember information at the beginning of a list better than the information that follows.

Anterograde

Related to or denoting the inability to form new memories following a traumatic event or damage to the brain.

Encoding Specificity

The principle suggesting that memory is most effective when information available at encoding is also present at retrieval.