Which of the Following Is Not Considered a Factor of Production

question 109

Multiple Choice

Which of the following is not considered a factor of production?

• A) money
• B) capital
• C) land
• D) entrepreneurial ideas
• E) labor

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Definitions:

Complex Economy

An economic system featuring a vast array of goods and services, multiple levels of production, and interconnected markets and actors.

Labor Earnings

Income received by workers for their labor services, including wages, salaries, and other forms of compensation.

Government Policy

Actions or inactions chosen by government officials to address specific public issues, ranging from economic regulations to social welfare programs.

Natural Rate

Often refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable rate of inflation, or the equilibrium rate unaffected by short-term fluctuations.