Asked by
Crystal Rajkaran
on Nov 11, 2024
Verified
Which of the following factors of production is likely to be most productive?
A) A certified doctor working in a well-equipped hospital
B) A medical student working as a volunteer in a rural health clinic
C) A trained nurse without access to the latest medical technology
D) A knowledgeable chemist without a degree in medical sciences
E) A specialist doctor working in a hospital with poor infrastructure
Factors Of Production
The inputs used in the production of goods or services in the process of creating economic value, which include land, labor, capital, and entrepreneurship.
Medical Technology
The application of scientific knowledge and devices for the purpose of diagnosis, treatment, and monitoring of diseases.
- Examine elements affecting productivity of labor and capital.
Verified Answer
RB
Learning Objectives
- Examine elements affecting productivity of labor and capital.