A bed of oysters is not an example of a factor of production, but the shucked oysters used to make oyster stew is a factor of production.

Question

Quizplus · Accepted Answer

Both the bed of oysters and the shucked oysters are examples of natural resources, which is one of the four factors of production (the others being labor, capital, and entrepreneurship). Therefore, the statement is incorrect.

A Bed of Oysters Is Not an Example of a Factor