The Three Broad Types of Factors of Production Are

question 19

Multiple Choice

The three broad types of factors of production are:

• A) capital, labor, and natural resources.
• B) money, profit, and interest.
• C) stocks, bonds, and financial assets.
• D) technology, human capital, and comparative advantage.

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Definitions:

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, characterized by seeds not enclosed in an ovary.

Diploid

Referring to cells or organisms having two sets of chromosomes, one set inherited from each parent.

Sporophyte Generation

The diploid phase in the life cycle of plants and algae that produces spores through meiotic division, alternating with the gametophyte generation.

Gametophyte Generation

The sexual phase in the life cycle of plants and algae that produces gametes.