ULID

1. Which one of the following is a factor of production?

A. Money.

B. Government.

C. Land.

D. Checkable deposits.

E. None of the above.

C. Land

Explanation:

Input is any commodity used in the manufacturing of other products. Factors of production are the inputs or resources used in the production of other goods and services. They include land, capital, labor, and entrepreneurship.

From the list provided, the only the factor of production is land. In economics, land refers to the fertile fields used in agricultural production. It also refers to space where commercial buildings, factories, and businesses are set up. Land also includes natural occurring resources and minerals such as oil, natural gas, and precious stones.