The term factor of production refers to
A. Labor only.
B. Factories and machinery only.
C. Only those goods that are produced and then used to produce other goods and services.
D. Any resource input used to produce goods and services.
Answer: D
You might also like to view...
Proponents and opponents of balanced-budget policies agree that the government debt cannot continue to increase forever
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a horizontal merger?
A. Northeastern Illinois University going from a public to a private university. B. Northeastern Illinois University merging with a training academy for new professors. C. Northeastern Illinois University merging with Bush University. D. Northeastern Illinois University merging with a local bookstore.