Which market is an example of a market for factors of production?
A)furniture market
B)apple market
C)automobile market
D)foreign exchange market
E)computer programmer market

Question

Quizplus · Accepted Answer

A market for factors of production refers to a market where factors of production such as labor, land, capital, and entrepreneurship are traded. The computer programmer market represents a market for labor, which is a factor of production. The furniture market, apple market, automobile market, and foreign exchange market are not markets for factors of production.

Which Market Is an Example of a Market for Factors