Which of the Following Is Not a Factor of Production

question 3

Multiple Choice

Which of the following is not a factor of production?

• A)A psychiatrist.
• B)The $100,000 used to start a new business.
• C)A bulldozer.
• D)Six thousand acres of farmlanD.Land,labor,capital,and entrepreneurship are the factors of production.Money does not fall under any category of the factors of production.Factors of production are what are needed on a camping trip.Money is not needed on a camping trip.

Identify examples that do not align with general statements.

Understand the concept and examples of "designer dogs."

Identify the topic sentence in a paragraph.

Understand the impact of invasive species in the United States through examples.

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Definitions:

Equilibrium Quantity

The amount of goods or services supplied is exactly equal to the amount of goods or services demanded at a given price.

Quantity Demanded

The overall volume of a good or service that consumers intend and can afford to buy within a specific period at a particular price.

Complementary Good

A product or service that is typically used together with another product, such that an increase in demand for one leads to an increase in demand for the other.

Change in Demand

A change in the quantity demanded of a good or service at at least one price that is caused by factors other than a change in the price of that good or service.