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

Question

Quizplus · Accepted Answer

Factors of production include natural resources (like water), labor (such as the effort of farmers), and entrepreneurship (management skills). Wages paid to workers are not a factor of production themselves but rather the price of labor, one of the factors of production.

Which of the Following Is NOT a Factor of Production