

Understanding Production Factors Flashcard
Flashcard
•
Other
•
5th Grade
•
Practice Problem
•
Hard
Aaron Johnson
FREE Resource
Student preview

20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Example of land as a factor of production:
Back
A river used for hydroelectric power
2.
FLASHCARD QUESTION
Front
What is considered labor in the production of goods? Options: A computer, A manager supervising workers, A field of wheat, A bank loan
Back
A manager supervising workers
3.
FLASHCARD QUESTION
Front
Which of the following is a capital good?
- A sewing machine in a clothing factory
- A chef cooking food
- A gold mine
- A business plan
Back
A sewing machine in a clothing factory
4.
FLASHCARD QUESTION
Front
Who is an entrepreneur?
Back
Someone who starts and runs a new business
5.
FLASHCARD QUESTION
Front
Which of the following is a natural resource?
- A delivery van
- Oil found underground
- A cashier
- A computer program
Back
Oil found underground
6.
FLASHCARD QUESTION
Front
Example of a service:
Back
A haircut
7.
FLASHCARD QUESTION
Front
Difference between goods and services?
Back
Goods are things you can touch; services are actions people do for you.
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