Question

quiz instructions
the purpose of this pretest is to assess your mastery of the standards covered in this module. you will be able to take this pretest only one time. if you exhibit mastery at a level of 60% or higher, you will be permitted to proceed to the next module without further review of this content.
if, however, you score below 60%, you will need to proceed through the items in this module to prepare for the module exam.
question 4 1 pts
the four factors of production are land, labor, capital, and time.
false
true

Explanation:

The four standard factors of production are land, labor, capital, and entrepreneurship (not time). Time is not recognized as one of the core factors in traditional economic theory.

Answer:

False