PRC-3 · Chapter 1 · Question 50 of 61
A hospital provides specialized medical care using the expertise of its highly trained surgeons and nurses. In the context of the factors of production, what do the surgeons and nurses represent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Labor
Explanation
Labor represents the human physical and mental effort, skills, and expertise used in the production of goods and services.
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