Factors of production

Factors of production

11th Grade

76 Qs

quiz-placeholder

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Factors of production

Factors of production

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Purvi Parsana

Used 32+ times

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76 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land includes...

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital refers to...

The "gifts of nature" or natural resources not created by human effort.

people with all their efforts and abilities

the tools, equipment, and factories used in production of goods and services

individuals who start a new business or bring a product to market.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labor refers to...

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

the tools, equipment, and factories used in production of goods and services.

The "gifts of nature" or natural resources not created by human effort.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs are...

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A herd of cattle is an example of ...

Land
Labor
Entrepreneur
Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forests are examples of...

Land
Labor
Entrepreneurs
Capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bulldozer is an example of...

Land
Labor
Entrepreneurs
Capital

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