Factors of Production Quizizz

Labor

Land

Entrepreneurship

Work Skills

an increase labor

a market failure

an increase in human capital

a decrease in labor

The $10 dollars he spent to buy the socks

The lost enjoyment of seeing a movie

The cost of the shoes he will buy next week

The hunger he feels from not eating

Limited

Desired

Valuable

Tradeable

$1.50

$1.51

$1.00

$1.50 + marginal profit

A teacher offers bonus points on a test if students get 100% on HW

A football coach lets his team skip sprints if they give good effort

An employer fines employees $10 every time they are late to work

A father gives his son $10 for each "A" at the end of the semester

Land Resources

A Labor Resource

A Capital Resource

They are not factors of production

the workers were very productive

the employer really needed to increase his/ her output

they no longer had to cover health insurance

the workers produced more than $15 of revenue per hour

What to produce?

How to produce?

When to produce?

For whom to produce?

to make profits homie

to have the freedom to make their own choices

to make their own hours

because the government backs them financially