2
practice testMultiple Choice

Practice Test

Question 2 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Resources needed to provide goods or services are called

Answer
A
factors of production.
B
facets of production.
C
facts of production.
D
functions of production.

Explanation

Resources used to make goods or provide services are called factors of production. These include inputs such as labor, land, capital, and entrepreneurship. Therefore, “factors of production” is the correct choice.

AI-written and checked against the verified answer.

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