Which of the following is an example of a factor of production?
A) Medicare support payments
B) workers hired to repair worn-out furniture
C) interest on loans to purchase more capital
D) rent on agricultural land
E) profits paid to Apple stores

Question

Quizplus · Accepted Answer

Workers hired to repair worn-out furniture are considered labor, which is one of the four factors of production (land, labor, capital, and entrepreneurship).

Which of the Following Is an Example of a Factor