Which of the Following Is a Factor of Production

question 73

Multiple Choice

Which of the following is a factor of production?

• A)an acre of forested land
• B)a U.S.Treasury bond
• C)20 shares of Ford stock
• D)$25,000 in cash

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Definitions:

Injured

The state of being harmed or damaged, physically, financially, or legally, due to another's acts or omissions.

Household Members

Individuals who reside in the same home and often share living expenses; may include family members and roommates.

Implied Warranty of Assignability

An assurance within the scope of the law that a contract can be transferred or assigned to another party.

Common Law

A legal system based on judicial decisions and precedent rather than statutory laws.