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Emerline Henry
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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Scarcity causes economic problem. Which of the following statements is true about scarcity?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The human ability to produce a good or service: Talents, skills, physical labor, etc. the work that goes into the production of a good or service.
Human resources or Labor
Land
Capital
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The local power plant is under what factor production?
Labor or Human resources
Capital
Land
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is basically the ideas that go into the process of creating a good or providing a service.
Capital
Entrepreneurship
Land
Labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rizal Park is under what factor of production?
Land
Capital
Natural Resource
Entrepreneurship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An untapped deposit of natural gas is under what factor of production?
Natural Resource
Capital
Labor
Land
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods made by people to be used specifically to produce goods and services: Tools, office equipment, roads, factories, etc.
Labor
Land
Entrepreneurship
Capital
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