Factors of Production Are Different from Inputs in That Factors

question 139

Multiple Choice

Factors of production are different from inputs in that factors of production:

• A) can be used over and over again,but inputs cannot.
• B) can be used only once,whereas an input can be used over and over again.
• C) refer only to labour,while inputs refer to machinery.
• D) encompass only land and other natural factors,while inputs are ingredients.

---

Definitions:

American Values

The set of beliefs, principles, and norms that are widely held or practiced by the American people, shaping national identity and culture.

Political Authority

Political authority refers to the legitimate power held by government officials or institutions to make laws, govern, and enforce rules.

Popular Sovereignty

The principle that the authority of a state and its government is created and sustained by the consent of its people, through their elected representatives.

Bill Of Rights

The first ten amendments to the United States Constitution, guaranteeing specific freedoms and rights to American citizens.