An Example of a Factor of Production Is

question 67

Multiple Choice

An example of a factor of production is

• A)a bottle of wine produced by a vineyard.
• B)a vintner hired by a vineyard.
• C)a loan granted to a vineyard.
• D)the wine exported by a vineyard.

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Definitions:

Sampling Error

The discrepancy between statistical measurements obtained from a sample and the actual parameters of the entire population.

Research Assistant

A position typically held by a graduate or undergraduate student, who supports academic or professional research tasks.

Blind Study

A type of research design in which the participants are unaware of certain key aspects of the study, such as whether they belong to the experimental group or the control group, to reduce bias.

Correlational

A research method used to determine the relationship between two variables without inferring a cause-and-effect relationship.