Factors of production are different from inputs in that factors of production:
A)can be used over and over again,but inputs cannot.
B)can be used only once,whereas an input can be used over and over again.
C)refer only to labor,while inputs refer to machinery.
D)encompass only land and other natural factors,while inputs are ingredients.

Question

Quizplus · Accepted Answer

Factors of production (land, labor, capital, and entrepreneurship) can be used repeatedly in the production process, while inputs (raw materials, energy, and other goods and services) are typically used up in the production process and cannot be reused.

Factors of Production Are Different from Inputs in That Factors