Questions: 60 Multiple Choice 1 point The four factors of production are: A. Land, capital, labor, industry B. Land, labor, capital, title C. Land, labor, capital, natural resources D. Land, labor, capital, entrepreneurship

The answer is D. Land, labor, capital, entrepreneurship

This option incorrectly includes "industry" as a factor of production. Industry is not considered a factor of production; rather, it is a sector where production takes place.

This option incorrectly includes "title" as a factor of production. Title refers to ownership rights and is not a factor of production.

While natural resources are important, they are generally considered part of "land" in the context of factors of production. Therefore, this option is not entirely accurate.

This is the correct answer. The four factors of production are traditionally defined as land, labor, capital, and entrepreneurship. Land refers to natural resources, labor to human effort, capital to machinery and tools, and entrepreneurship to the ability to bring the other three factors together to produce goods and services.