Introduction to economics
Quiz
•
Social Studies
•
10th - 11th Grade
•
Practice Problem
•
Easy
Sandhi Samiappan
Used 10+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What type of factors of production is this
Labour
Capital
Land
Entrepreneurship
2.
OPEN ENDED QUESTION
45 sec • Ungraded
Raw material and resources from nature is known as
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Answer explanation
Land
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
The picture shows which type of resources
Capital
Land
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the basic economic problem?
infinite resources and limited wants
finite resources and unlimited wants
infinite resources and limited wants
infinite resources and unlimited wants
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
New oil reserves are discovered. What has increased?
Capital
Entrepreneurship
Land
Labour
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a factor of production?
a semi-skilled, young worker
direct taxes received by a government
shares in a manufacturing company
stocks of money held a bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered a factor of production?
Money
Labour
Land
Capital
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