Crude Oil Is Not an Example of a Factor of Production

question 126

True/False

Crude oil is not an example of a factor of production, but when crude oil is processed into gasoline, it is not a factor of production.

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Definitions:

December 2001

A specific time referencing notable events or conditions during that month and year.

War

Organized, armed conflict between groups, such as nations or parties, characterized by hostility and violence aimed at achieving political, economic, or social objectives.

General Intelligence

A theoretical measure of an individual's overall mental capability as opposed to specific abilities or skills.