In the circular-flow diagram, which of the following is not a factor of production?
A)Labor
B)Land
C)Capital
D)Output

Name: In the circular-flow diagram, which of the following is not a factor of production? A)Labor B)Land C)Capital D)Output
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Question

Quizplus · Accepted Answer

Output is not considered a factor of production. Factors of production include labor, land, and capital, which are inputs used in the production of goods and services. Output refers to the goods and services produced.

In the Circular-Flow Diagram, Which of the Following Is Not