FACTORS OF PRODUCTION (Land, Labour, Capital, Entrepreneur)

FACTORS OF PRODUCTION (Land, Labour, Capital, Entrepreneur)

10th - 12th Grade

17 Qs

quiz-placeholder

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FACTORS OF PRODUCTION (Land, Labour, Capital, Entrepreneur)

FACTORS OF PRODUCTION (Land, Labour, Capital, Entrepreneur)

Assessment

Quiz

Other, Science, Education

10th - 12th Grade

Medium

Created by

VICTORIA ABIOLA

Used 4+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Land is often different from other factors of production because it _______

Has different grades

Is a free gift of nature

Is owned by the government

It is owned by individuals

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

   Land is the most significant factor in terms of contribution to the economy because ________

It enables us to build industries

All our highways are constructed on it

We get a lot of fishes from it

Vital resources from it enrich the economy

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  The reward to land as a factor of production is _________

Profit

Rent

Interest

Wage

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

    Which of the following could be used to measure the efficiency of labour?

Rate of inflation

Education and training

Level of employment

Input-output ratio

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Rent and interest are rewards to _______

Land and capital respectively

Labour and capital respectively

Labour and land respectively

Capital only

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

    Which of the following factors of production consist of man-made goods?

Land

Labour

Capital

Entrepreneur

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The reward for labour is _______

Wades and salary

Profit / Loss

Rent

Dividend

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