Which of the Following Correctly Lists the Categories of Factors

question 148

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) land, labor, capital, and entrepreneurship
• B) land, buildings, capital, and entrepreneurship
• C) labor, machines, buildings, capital, and entrepreneurship
• D) forests, fish, buildings, capital, and entrepreneurship
• E) labor, money, stocks, and bonds

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Definitions:

Quotas

Limits set by governments on the quantity of a good that can be imported or exported during a specific time period, often used to protect domestic industries.

Offshoring

Refers to the practice of relocating business operations or processes to another country, typically to reduce costs.

Exporting Jobs

The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.

Importing Products

Activities involving the bringing of goods or services from a foreign country into a domestic market.