Factors of production include all but which of the following?
A) Land
B) Labor
C) Raw materials
D) Ethnic diversity
E) Managerial sophistication

Name: Factors of production include all but which of the following? A) Land B) Labor C) Raw materials D) Ethnic diversity E) Managerial sophistication
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Question

Quizplus · Accepted Answer

Ethnic diversity is not considered a factor of production, whereas land, labor, raw materials, and managerial sophistication are all recognized as key inputs in the production process.

Factors of Production Include All but Which of the Following