Economics Review

Natural Resources/Land, Labor, Capital, and Entrepreneurship are the four main categories of _____________________?

• Economics

• Infrastructure

• Factors of Production

• Factors of Bricklandia

The following items (accountant's computer, carpenter's drill, and a tailor's sewing machine) are all examples of which factor of production?

• capital

• entrepreneurship

• land

• labor

A factory worker is an example of which factor of production?

• Land/Natural Resources

• Labor

• Capital

• Entrepreneurship

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

• Natural Resources/Land

• Labor

• Entrepreneurship

• Capital

Someone who works for a company is called an Entrepreneur.

• True

• False

What are tangible objects that can be purchased?

• Goods

• Services

• Products

• Objects

Which factor of production would you consider a cow?

• Entrepreneur

• Labor

• Capital

• Natural Resource/Land

Which factor of production would you consider a lawn mower?

• Natural Resource/Land

• Labor

• Capital

• Entrepreneur

What is the term for doing work for others in exchange for pay?

• Slavery

• Secret

• Socialism

• Service

What resource is this?

• Natural Resource

• Human Resource

• Capital Resource

• Useless Resource