Which of the Following Are Considered Factors of Production? I

question 334

Multiple Choice

Which of the following are considered factors of production? I. Land
II) Labor
III) Physical capital
IV) Entrepreneurship

• A) I and II only
• B) I and III only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Informal Control

Mechanisms and tactics outside of formal legal systems used to influence behavior, often through social norms and community pressure.

Troublesome Inmates

Prisoners who frequently cause difficulties or disturbances within the correctional facility.

Legalistic Authority

A form of leadership in which authority is largely tied to legal rules and principles, often embodied in a formalistic collection of rules.

Institutional Regulations

Rules and guidelines established by organizations or institutions to govern their operations and behavior of people within them.