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Econ Unit 1

Authored by Aaron Solari

Social Studies

12th Grade

Used 4+ times

Econ Unit 1
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many factors of production do we have?

1

4

2

3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gold and oil can be seen as:

Natural resources

Labour

Capital

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the correct factor of production.

Individuals with great ideas and willing to take risks.

Natural resources

Labour

Capital

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the correct factor of production.

Machinery and factories are?

Natural resources

Labour

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the correct factor of production.

Water, wood and fish are?

Natural resources

Labour

Capital

Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When we look at tools and money invested in a business, it can be classified as which factor of production?

Natural resources

Labour

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land 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.

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