1) Which of the following is nota factor of production?
A) an acre of farmlandB) a drill press in a machine shopC) the manager of the local tire shopD) $1,000 in cashAnswer: DDiff: 2 Page Ref: 50Topic: Factors of Production*: RecurringLearning Outcome: Micro-3: Discuss different types of market systems and the gains that can bemade from trade.AACSB: Analytic thinkingSpecial Feature: None
2) Which of the following is a factor of production?
3) An example of a factor of production is
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