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.

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Definitions:

Declarative

Pertaining to knowledge that can be consciously recalled and articulated, such as facts or information.

Procedural

refers to a method or process in the execution of actions or operation of systems, often opposed to declarative knowledge which is about facts or things known.

Self-efficacy

An individual’s belief in their capacity to execute behaviors necessary to produce specific performance attainments, shaping how they think, feel, and act.

Declarative

Pertaining to the ability to consciously recall facts and knowledge, part of explicit memory.