Melinda is a store owner who buys items online to sell in her shop. Which of the following factors of production is BEST illustrated in Melinda's use of the Internet?
A) capital
B) labor
C) technology
D) entrepreneurs
E) natural resources
C
Explanation: C) Technology refers to items and services such as smartphones, computer software, and digital broadcasting that make businesses more efficient. Melinda's use of the Internet for purchasing store inventory reflects her use of technology. Since Melinda is making the purchases herself, labor is not a factor. Capital may be involved in the purchase, but that would be true of any purchase, not specifically online purchases. Melinda may be an entrepreneur, but her online purchasing behavior is not a defining characteristic of entrepreneurship.
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