Goods and Services Are Produced by Using Four Factors of Production

question 29

Multiple Choice

Goods and services are produced by using four factors of production:

• A) land, labor, capital, and entrepreneurship.
• B) land, labor, money, and equipment.
• C) natural resources, human resources, financial assets, and entrepreneurial resources.
• D) labor, human capital, physical capital, and financial capital.
• E) land, labor, capital, and money.

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Definitions:

Social Interaction

The process by which individuals act and react in relation to others, forming the basis of social relationships.

Sociological Question

A query aimed at understanding social phenomena, including the structures of societies, the dynamics of social relationships, and cultural norms.

Stable Patterns

Repeated, consistent behaviors or structures in a system or society that show little change over time.