Factors of Production
Authored by JUDY KAINER
Social Studies
5th - 6th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the factors of production?
Money left over after all the costs of business have been paid.
Things used in the production of goods and services in order to make a profit.
unlimited wants and limited needs
Command economic system
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is profit?
money left over after all costs of business have been paid.
Things used in the production of good and services to make a profit
land or raw materials from the earth
Tools, supplies and machines used to produce goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tools, supplies, and machines used to produce goods are
Labor
Natural resources
Entrepreneur
Capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Person who organizes and manages the business is
Labor
Natural resources
Entrepreneur
Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Workers with skills are
Labor
Natural resources
Entrepreneur
Capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land or raw materials from the earth is
Labor
Natural resources
Entrepreneur
Capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The tractor that a farmer uses is
Labor
Natural resources
Entrepreneur
Capital
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