Which of the following correctly lists the categories of factors of production?

Question

Quizplus · Accepted Answer

The categories of factors of production are land, labor, capital, and entrepreneurship, as recognized in traditional economic theory. Choice B lists buildings instead of labor, while choice C includes machines and buildings as separate categories, and choice D lists specific resources such as forests and fish that could fall under the category of land. Choice E lists money, stocks, and bonds, which are not typically considered factors of production.

Which of the Following Correctly Lists the Categories of Factors