7 EMS Revision: Production & Economic Growth
Authored by Kelly Malan
Business
7th Grade
CCSS covered
Used 39+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 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
30 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
30 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
What is the best explanation of factors of production?
Raw materials used to produce products
Labour and materials
Money and financing
Resources used by a company to produce good and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following does not fall within the category of land as a factor of production?
A building
Trees
Coal
Water
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Iron, minerals, coal and plants are examples of which productive resource?
Land
Labour
Entrepreneurship
Capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production would you consider a lawn mower?
Land
Labour
Capital
Entrepreneur
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