Which of the following is not an example of a factor of production?
A) A forest.
B) A computer program.
C) A n assembly-line worker .
D) Dollars.

Question

Quizplus · Accepted Answer

Dollars are not a factor of production, but they are a medium of exchange used to facilitate transactions involving factors of production. Factors of production are typically classified into four categories: land, labor, capital, and entrepreneurship. Land refers to all natural resources such as forests, minerals, and water. Labor refers to all human resources including skilled and unskilled workers. Capital refers to all human-made resources used in the production process such as machinery, tools, and buildings. Entrepreneurship refers to the ability of an individual to take risks and organize the other three factors of production to create goods and services. Computer programs may be considered a form of capital, and assembly-line workers are a type of labor.

Which of the Following Is Not an Example of a Factor