8 EMS - Factors of Production
Authored by Kelly Malan
Life Skills, Business
8th Grade
Used 23+ times
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35 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 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
Labour
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
Labour
Entrepreneurship
Land
4.
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.
5.
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.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Labour 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.
7.
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
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