The Federal Reserve Bank of St. Louis lists the four factors of production as labor, land, capital and entrepreneurship; anything not in these categories is not a factor of production. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Morbi adipiscing gravdio, sit amet suscipit risus ultrices eu.Fusce viverra neque at purus laoreet … In the given options, first three are the factors of production while the fourth option of Product is not the main factor of production. Search for an answer or ask Weegy. Land is Immovable: It cannot be transported from one place to another. Selected Answer: C. entrepreneurs Answers: A. labor B. government C. entrepreneurs D. capital 0.05 out of 0.05 points 0.05 out of 0.05 points 0 out of 0.05 points Factors of Production. Censorship of the press was not only a problem in Nazi Germany, it also occurred in the fascist state of Italy. Which of the following is not a factor of production ? Updated 2/1/2014 8:39:12 PM. s. Log in for more information. Goods and Services C. Land D. Labor. Anything that helps in production is the factor of production. 5. Goods and Services is not a factor of production. These are the various factors by mean any resource is transformed into a more useful commodity or service. For example, wheat cannot grow on a piece of land automatically. Register Now. Asked 2/1/2014 8:23:25 PM. They are the inputs for the process of production. Which of the following is not a factor of production? In the given case, the ski jump is not a factor of production, because this is a final good. 1 Answer/Comment. A Cobb-Douglas production function for new company is given by f(x,y) 50x 2 5 y 3 5 where x represents the units of labor and y represents the units of capital. B. Goods and Services is not a factor of production. A. labor B. land C. money D. capital. New answers. Low deman B. Orginized labor C. Mass production D. wartime inflation . 6. Economics. Capital B. Factors of Production: Factors of production are resources used by a firm to produce the goods and services that are sold to consumers. Mcq Added by: Adden wafa. 2 hours ago Consider the following(the table percentage stand for the percentage of the US resources in the north and south): 1. Which of the following is not a factor of production? Economics Mcqs for test Preparation from Basic to Advance. Labour is an active factor but land is a passive factor of production. Get an answer. Land is a Passive Factor of Production: This is because it cannot produce anything by itself. Question. Question. All other options are factors of production. 1 Answer/Comment. Which factor best accounts for the price change in the Model T automobile? s. Log in for more information. All of these factors also earn income in one form or another. They are the starting point of the production process. Application of Economics Application of Economics Economics Mcqs. A. the amount of money required to buy a car B. the training required to repair an airplane engine C. the teacher required to teach an economics class D. the land required for a hog farm A. Money is specifically mentioned as not being a factor despite popular belief. To grow wheat, man has to cultivate land. Rating. Updated 79 days ago|10/8/2020 10:24:05 PM. A. Asked 3/10/2018 10:21:37 PM. 3. emdjay23. According to economic theory, there are four main factors of production - land, labour, capital, and entrepreneurship. Question 11 Which of the following is NOT a factor of production? The factors of production refer to the inputs which are used in the production process of goods and services. Starting point of the following is not a factor of production refer to the inputs for the change. Are used in the given case, the ski jump is not a factor production... To Advance accounts for the process of goods and Services is not a factor of production because... 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