Which of the following is an example of a factor of production?
A)rent
B)interest
C)land
D)Social Security payments

Question

Quizplus · Accepted Answer

Land is a factor of production as it refers to natural resources such as minerals, forests, and water. Rent and interest are payments that may arise from the use of factors of production, but they are not factors of production themselves. Social Security payments are not related to production but rather a form of government benefit.

Which of the Following Is an Example of a Factor