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Warm Up 2/4

Social Studies

7th Grade

Used 1+ times

Warm Up 2/4
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6 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

All of the economic inputs that are required to produce goods and services are called:

Factors of production

Supply

DEMAND

CAPITAL FOR GOODS

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The physical effort of people to produce goods or services describes which factor of production?

Land

Capital

Labor

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The ideas and emotional drive a person has to produce something that other people will want to buy describes which factor of production?

Capital

Labor

Entrepreneurship

Land

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the best explanation of factors of production?

Raw materials used to produce products

Labor and materials

Money and financing

Resources used by a company to produce good and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A student in college

A leader of a country.

A worker in a factory

A person who starts a new business.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which factor of production would you consider a lawn mower?

Land
Labor
Capital
Entrepreneur

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