Econ Quiz #9 - Factors of Production - Land

Iron, minerals, coal and plants are examples of which productive resource?

• labour

• land

• capital

• none of the above

Which factor of production would you consider a cow?

• land

• labour

• animals

• none of the above

. Land, labor, capital, and entrepreneurship are all

• Capital

• Infrastructure

• Economy

• Factors of production

Everything contained in the earth or found in the sea ex: coal and crude oil is considered as "land" in the factors of productions

• True

• False

Difference between wants and needs and available resources is

• Factors of Production

• Scarcity

• Resources

• Economy

Land has no cost of production

• True

• False

Land is ______ in supply. Fill in the blanks

• plentiful

• fixed

• endless

• none of the above

Land is not used in the production of almost all goods and services

• True

• False

Land is geographically immobile

• True

• False

Land is the all naturally occurring free gift of nature

• True

• False