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