The resources that are used to produce goods and services - __ are factors of production. land, labor, capital, and entrepreneurship land, labor, stocks and bonds labor and capital physical and financial capital

## Step 1<br />The question is asking us to identify the resources that are used to produce goods and services. This is a fundamental concept in economics, specifically in the study of production.<br /><br />## Step 2<br />The resources used to produce goods and services are known as factors of production. These are the inputs that are used in the production of goods and services.<br /><br />## Step 3<br />The factors of production are typically classified into four categories: land, labor, capital, and entrepreneurship. <br /><br />### **Land**<br />This refers to all natural resources used in the production of goods and services. This includes not only land itself, but also water, air, soil, minerals, and other natural resources.<br /><br />### **Labor**<br />This refers to the human effort used in the production of goods and services. This includes both physical labor and mental labor.<br /><br />### **Capital**<br />This refers to all man-made goods used in the production of goods and services. This includes machinery, equipment, buildings, and other physical assets.<br /><br />### **Entrepreneurship**<br />This refers to the ability to bring the other three factors of production together to produce goods and services. This includes the ability to take risks, make decisions, and manage resources.<br /><br />## Step 4<br />The other options provided in the question, such as stocks and bonds, physical and financial capital, and labor and capital, are not complete sets of factors of production. Stocks and bonds are financial instruments, not direct inputs in the production of goods and services. Physical and financial capital are subsets of the broader categories of land and capital. Labor and capital are also subsets of the broader categories of land, labor, capital, and entrepreneurship.