Question

Which of the following would be considered a factor of production?

A) Capital.
B) Natural resources.
C) Entrepreneurship.
D) All of the above.

Answer 1

Factors of production are the resources needed for the production of goods and services, including land, labor, capital, and entrepreneurship. Therefore, the correct answer is D) All of the above.

Step-by-step explanation:

Factors of production are the resources needed for the production of goods and services. The four factors of production are land, labor, capital, and entrepreneurship. Land refers to natural resources, such as forests, minerals, and water. Labor refers to the human effort required for production. Capital includes tools, machinery, and buildings used in production. Entrepreneurship involves the organization and risk-taking ability of individuals to combine the other factors of production and create a product or service.

Therefore, the correct answer is D) All of the above.