Section 1: The Basic Economic Problem
Authored by Ralph Pakinkin
Social Studies
9th Grade
Used 330+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Land includes...
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.
2.
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.
3.
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.
4.
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
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A screw driver is an example of...
Land
Labor
Entrepreneur
Capital
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Woodcutters of trees in forests are examples of...
Land
Entrepreneurs
Labor
Capital
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
the manager of a hotel is an example of...
Labor
Land
Entrepreneur
Capital
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