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 Factors of Production

Factors of Production

Assessment

Presentation

Social Studies

9th Grade

Medium

Created by

Christina Camacho

Used 7+ times

FREE Resource

13 Slides • 9 Questions

1

Open Ended

Give an example of an oppurtunity cost.

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4

Open Ended

What is needed to produce something

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8

Multiple Choice

What are the resources called that are needed to produce a good or service?

1

Goods and services.

2

Needs and wants.

3

Factors of production.

4

All of the above.

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13

Multiple Choice

Land includes...

1

The "gifts of nature" or natural resources not created by human effort.

2

the tools, equipment, and factories used in production of goods and services

3

people with all their efforts and abilities

4

individuals who start a new business or bring a product to market.

14

Multiple Choice

Forests are examples of...

1

Land

2

Entrepreneurs

3

Labor

4

Capital

15

Multiple Choice

Question image

A bulldozer is an example of...

1

Labor

2

Land

3

Entrepreneur

4

Capital

16

Multiple Choice

Your garbage man is an example of

1

Labor

2

Capital

3

Entrepreneur

4

Land

17

Multiple Choice

Elon Musk is an example of ...

1

a land

2

a laborer

3

an entrepreneur

4

a capital

18

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21

Multiple Choice

Marginal Cost is?

1

The highest amount that customers will pay for a good

2

The lowest amount that customers will pay for a good

3

The cost of producing one additional good

4

The cost of producing 2 additional goods

22

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Give an example of an oppurtunity cost.

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