As a Factor of Production, Capital Includes All of the Following

question 24

Multiple Choice

As a factor of production, capital includes all of the following EXCEPT

• A) technology.
• B) physical facilities.
• C) market system.
• D) information.

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Definitions:

Proximal Design

Design strategies that focus on near-term, achievable goals or outcomes in the development of educational programs or projects.

Declarative Knowledge

Involves understanding factual information, principles, and concepts that individuals can articulate and recall.

Training Effectiveness

The measure of how successfully a training program achieves its intended outcomes and objectives.

Mental Ability

The capacity to learn, reason, understand, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.