Question

Which of the following statements is true regarding production?

• A. The services of a doctor are considered production.
• B. Man can create matter.
• C. The services of a housewife are considered production.
• D. When a man creates a table, he creates matter.

Answer 1

The correct option is A The services of a doctor are considered production.

The services rendered by a doctor are considered as production in economics as by rendering services to the patients the doctor can earn monetary reward. His services also increase the services available in an economy.