Which of the following is a factor of production for the Little Biscuit Bread Company?
A)Flour.
B)Bread.
C)Productivity.
D)Money.

Question

Quizplus · Accepted Answer

Flour is a factor of production as it is one of the key ingredients used in the production of bread. Bread itself is not a factor of production, as it is the end product. Productivity is not a physical item and therefore not a factor of production, and money is a medium of exchange used to purchase factors of production, making it a facilitator, but not a factor of production itself.

Which of the Following Is a Factor of Production for the Little