Factors of Production

Factors of Production

3rd Grade - Professional Development

20 Qs

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Factors of Production

Factors of Production

Assessment

Quiz

Social Studies

3rd Grade - Professional Development

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Created by

Kerren Faith Paden

Used 7+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the four factors of production?

Natural Resources, Capital, Need & Want

Natural Resources, Labor, Capital, Entrepreneurs

Water, Air, Food & Shelter

Land, Capital, Goods & Services

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Natural Resources 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.

3.

MULTIPLE CHOICE QUESTION

1 min • 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.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Labor 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.

5.

MULTIPLE CHOICE QUESTION

1 min • 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

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Forests are examples of...

Natural Resources

Labor

Entrepreneurs

Capital

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A bulldozer is an example of...

Natural Resources

Labor

Entrepreneurs

Capital

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