Which of the following is an example of capital as a factor of production?
Select ONE answer:
- the airspace above an airport used by airlines
- cars used by a taxi firm in a city
- money used to set up a steel producing firm
- shares sold by an expanding insurance firm
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 2
- This is an example of land.
- Correct: cars are a human-made good used to produce a service.
- This is not a factor of production.
- This is also not a factor of production.
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