Answered: Which of the following is not…

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Economics

Which of the following is not considered a factor of production in economics? A) Land B) Labor C) Capital D) Money

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 1.1P

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Question

5. Which of the following is not considered a
factor of production in economics?
A) Land
B) Labor
C) Capital
D) Money

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Step 1: Define the Factor of Production.

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