Which of the following is not a factor of production?
A)the water used to cool a nuclear power plant
B)the effort of farmers raising cattle
C)the wages paid to workers
D)the management skill of a small business owner
E)the land used by a farmer to grow wheat

Question

Quizplus · Accepted Answer

Factors of production include land, labor, capital, and entrepreneurship. Wages paid to workers are not a factor of production themselves but rather the price of labor, which is one of the factors.

Which of the Following Is Not a Factor of Production