Factors of Production

What are the four factors of production?

• Labor, Land, Workforce, Entrepreneurship

• Capital, Land, Entrepreneurship, Labor

• Land, Capital, Tools, Entrepreneurship

• Land, Labor, Leaders, Capital

Which of the factors are man-made?

• Land

• Labor

• Capital

• Entrepreneurship

Which factor is required to make Hershey's chocolate?

• artificial sweeteners

• deep freezers

• hydraulic presses

• coffee beans

Oil is an example of which factor?

• Land

• Labor

• Capital

• Resource

Which is not a land resource?

• Woodchips

• Parking lot

• Coal deposits

• Sea water

Elon Musk is the entrepreneur for which business(es)?

• Tesla

• Twitter

• Paypal

• SpaceX

• Meta

Who is the entrepreneur of Amazon?

• Tim Cook

• Michael Cera

• Mark Zuckerberg

• Jeff Bezos

Which type of labor is not used to make Hershey's chocolate?

• farmer

• chocolatier

• wrapper

• harvester

Automation typically substitutes...

• labor for capital

• land for labor

• labor for entrepreneurship

• entrepreneurship for land

Environmental advocates want to limit the use of which factor of production?

• Entrepreneurship

• Capital

• Labor

• Land