You sign up for a free account in the program and then start building vocabulary lists OR search in the thousands of lists others have already created. The most successful entrepreneurs are innovators who find new ways produce goods and services or who develop new goods and … D. Transportation costs have increased in recent decades. Being overweight is a main risk factor for type 2 diabetes. The vast amount of grain feed required for meat production is a significant contributor to deforestation, habitat loss and species extinction. 228.Which of the following is a normative statement? Get … Question options: a) the computer labs b) the faculty c) classroom buildings d) electricity Manufactured resources such as equipment, buildings, and tools are also known as: Question options: a) natural resources. An assembly line worker c. A student B. A. Capital b. Quizlet is an app and website that is designed to help you learn vocabulary. Decision making: which factor of production is represented by each of the following: a. The five-factor model does have some real problems when scrutinized for its theoretical qualities. In economic terms, money is not a factor of production because it is a resource used to acquire resources that go into producing goods. Find the minimum cost. In addition to production resources such as water, natural gas and minerals, capital is a much-needed production resource for which the unit of trade is the interest rate charged by lenders. The production function is central to the marginalist focus of neoclassical economics, its definition of efficiency as allocative efficiency, its analysis of how market prices can govern the achievement of allocative efficiency in a decentralized economy, and an analysis of the distribution of income, which attributes factor income to the marginal product of factor input. A factor of production is indispensable for production because without it no production is possible. Points on the production possibilities frontier are 15. The Lorentz factor or Lorentz term is the factor by which time, length, and relativistic mass change for an object while that object is moving. The price of the product. a. steelworkers used to produce sheet metal b. foundries used to produce steel c. iron ore used to produce steel d. share of stock in a steel company e. all of the above are examples of factores of production Which of the following is not a factor of production? Get all of Hollywood.com's best Movies lists, news, and more. 2.) It is customary to attribute the process of production to three factors, land, labour and capital, to which we add organisation. Fat distribution. Which of the following is NOT an example of a factor of production? a. labour b. land c. money d. capital e. All of these answers are factors of production. An office building b. Types of production are mass production and batch production. Productivity is a crucial factor in production performance of firms and nations. Algebra 2. Increasing national productivity can raise living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs. If you store fat mainly in the abdomen, you have a greater risk of type 2 diabetes than if you store fat elsewhere, such as in your hips and thighs. Answer to Which of the following is not a factor of production a. A. entrepreneurship B. capital C. competition D. natural resources E. labor Title: ANSWER: D REFERENCE: The Nature of Business LEARNING OUTCOME: 1 RATIONALE: Factors of production are inputs used to create goods and services. Therefore, its quality depends on the accuracy of the user-created flash card sets. 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