Consider the following list: a worker with training in video gaming technology, 10 hectares of arable land in southern Ontario, a fishing trawler in Nova Scotia, an ice- cream truck at a park in Quebec. Each of these is an example of
A)an economic service.
B)a capital resource.
C)a commodity.
D)goods and services.
E)a factor of production.

Question

Quizplus · Accepted Answer

A factor of production is an input used in the production of goods and services. The list includes a worker, land, a fishing trawler, and an ice-cream truck, all of which are factors of production.

Consider the Following List: a Worker with Training in Video