Factors of Production

What are the resources called that are needed to produce a good or service?

• Goods and services.

• Needs and wants.

• Factors of production.

• All of the above.

How many factors of production are needed to produce a good or service?

• 2

• 4

• 6

• 8

What are natural resources?

• Animals

• Things from nature (not man-made)

• Tree

• All of the above

What is labor?

• Hard Work

• People who only do the physical work.

• People who do the work to produce something.

• None of the above.

What could be an example of capital?

• Buildings

• Machines

• Money

• All of the above

Which one of the four factors of production does the image show?

• Entrepreneur

• Capital

• Natural Resources

• Labor

Which one of the four factors of production does the picture show?

• Natural Resources

• Labor

• Capital

• Entrepreneur

Which one of the four factors of production does the picture show?

• Labor

• Natural Resources

• Capital

• Entrepreneur

The internet, computers, factories, and Technology are all...

• Capital Goods

• Human Capital

• Natural Resources

• Entrepreneurship

Literacy, Education and special skills are examples of...

• Capital Goods

• Human Capital

• Natural Resources

• Entrepreneurship