TEK 6A Factors of Production

Which of the following is NOT a factor of production?

• Labor

• Capital

• Government

• Land

A car salesman in an example of which factor of production?

• Land

• Labor

• Capital

• Entrepreneurship

Corn is an example of which factor of production?

• Land

• Labor

• Capital

• Entrepreneurship

Which term matches this definition? Includes all the natural resources used to produce goods and services.

• Land

• Labor

• Capital

• Entrepreneurship

Which term matches this definition: Involves the size and education level of the workforce.

• Land

• Labor

• Capital

• Entrepreneurship

Which term matches the following definition? A country’s wealth and infrastructure.

• Land

• Labor

• Capital

• Entrepreneurship

Which term matches the following definition? Involves the creativity and risk needed to develop new goods and services.

• Land

• Labor

• Capital

• Entrepreneurship

WHAT ARE THE 4 FACTORS OF PRODUCTION?

• Land, Capital, Need & Want

• Land, Labor, Capital, Entrepreneurs

• Water, Air, Food & Shelter

• Land, Capital, Good & Service

AN ENTREPRENEUR IS A PERSON WHO _______________.

• owns their own business

• uses goods and services to produce labor, land, and capital.

• use land, labor, and capital to produce good and services.

• loves nature and runs a business

Which factor of production is this?

• capital

• entrepreneur

• land

• labor