8
QuizMultiple Choice

The Three Questions of Economics

Question 8 • * HSA 26-27 Economics

Resources needed to provide goods or services are called

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

Explanation

The resources used to make goods or provide services are called factors of production. These include land and other natural resources, labor, capital, and entrepreneurship. “Factors of production” is the correct choice.

AI-written and checked against the verified answer.

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