Which of the following is not a factor of production?
A) A computer chip.
B) The service of a lawyer.
C) Dollars.
D) All of these are factors of production.

Question

Quizplus · Accepted Answer

While dollars are a necessary medium of exchange in an economy, they are not a factor of production. Factors of production include land, labor, capital, and entrepreneurship. A computer chip would be considered a type of capital, while the service of a lawyer would be considered a type of labor.

Which of the Following Is Not a Factor of Production