question 7 (2 points) which of the following is considered a factor of production? a) money. b) technology…

Brief Explanations:

In economics, the factors of production are the resources used in the production of goods and services. They include land, labor, capital, and entrepreneurship. Labor is one of the primary factors of production as it involves the human effort used in the production process. Money is not a factor of production but a medium of exchange and a store of value. Technology can be an aspect of capital or used to enhance production but is not a fundamental factor like labor. Government policies can influence production but are not a factor of production themselves.

Answer:

C. Labor