21
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 21 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

The factors of production include the number of

Answer
A
customers needed to make a profit on a good.
B
consumers who show an interest in a good.
C
employees needed to manufacture a good.
D
producers who supply the same good.

Explanation

Factors of production are the resources used to make goods and services, including labor, land, capital, and entrepreneurship. Employees provide labor, so the number of employees needed to manufacture a good is related to a factor of production. Customers, interested consumers, and competing producers are not factors of production.

AI-written and checked against the verified answer.

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