Factors of Production and Opportunity Costs

Multiple Choice

Choose which factor is being represented:

Acres and acres of pine trees

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Doctors and Nurses

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

New Business Owner

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Sunlight

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Vocational skills earned in technical college

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Bill Gates (when he was owner of Microsoft)

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Commercial baking racks and ovens

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Waitress

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

A person who quits their job to start their own company

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Cows, horses, chickens, rabbits, sheep, turkeys, donkeys....

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Tools

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Degree from a University

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Choose which factor is being represented:

Ore found in the ground... gold, iron, or copper

• LAND

• LABOR

• CAPITAL

• ENTREPRENEURSHIP

Multiple Choice

Any human-made resource that is used to create other goods and services is considered to be __________ capital.

• HUMAN

• PHYSICAL

Multiple Choice

Any skills or knowledge gained by a worker through education and experience is considered to be __________ capital. 

• HUMAN

• PHYSICAL