Factors of Production

Factors of Production

11th - 12th Grade

20 Qs

quiz-placeholder

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Factors of Production

Factors of Production

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Quartell Roberson

Used 4K+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT ARE THE 4 FACTORS OF PRODUCTION?

Land, Capital, Need & Want

Land, Labor, Capital, Entrepreneurs

Water, Air, Food & Shelter

Land, Capital, Good & Service

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT IS LABOR?

work people do for pay to produce good and services

actions people do for other people

any physical object

The money people get for inheritance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ IS KNOWN AS THE NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES

Entrepreneurs

Capital

Labor

Land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ IS KNOWN AS THE MANMADE RESOURCES USED TO PRODUCE GOODS AND SERVICES.

Entrepreneurs

Capital

Labor

Land

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

AN ENTREPRENEUR IS A PERSON WHO _______________.

owns their own business

uses goods and services to produce labor, land, and capital.

use land, labor, and capital to produce good and services.

loves nature and runs a business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the factors of production is this?

capital

entrepreneur

land

labor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which one of the factors of production is this?

capital

entrepreneur

land

labor

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