What Are Factors of Production

question 73

Multiple Choice

What are factors of production?

• A) positive or negative changes in inventory
• B) weather and social and political conditions that affect production
• C) the physical relationships between economic inputs and outputs
• D) inputs into the production process

---

Definitions:

Interest Rates

The cost of borrowing money or the return on investment for savings, typically expressed as a percentage.

Collateral

An asset that a borrower offers to a lender to secure a loan, which the lender can seize if the loan is not repaid.