Factors of Production

Iron, minerals, coal and plants are examples of which factor of production?

• land

• labor

• entrepreneurship

• capital

A factory worker is which factor of production?

• Natural

• Labor

• Capital

• Land

Which factor of production would you consider a lawn mower?

• Land
• Labor
• Capital
• Entrepreneur

Which factor of production would you consider a cow?

• Land
• Labor
• Capital
• Entrepreneur

Gold is an example of which factor of production?

• Natural

• Labor

• Capital

• Entreprenuer

The people who decide to buy.

• Producers
• Consumers
• Economist
• Entreprenuers

What is an entrepreneur?

• A person who starts a new business.
• A leader of a country.
• A worker in a factory.
• A student in college.

Minerals would be classified as what?

• Land

• Labor

• Capital

• Entrepreneurship

An economic practice where the government does NOT try to control the economy.

• Gospel of Wealth

• laissez faire

• Social Darwinism

• horizontal integration

What is demand?

• The desire to own something and the ability to afford it.
• A graph that shows the quantity demanded at every price.
• The usefulness of a product expressed in a dollar sign.