Factors of Production

Which of the following is not a factor of production?

• Land

• Labor

• Capital

• Money

The tools and machines used to produce a good or servies is called

• a) Labour

• b) Enterprise

• c) Land

• d) Capital

Explain whether the following is labor, capital, land, or enterprise:

A factory worker

• Land

• Labor

• Capital

• Enterprise

Explain whether the following is labor, capital, or a land, or enterprise:

A college professor

• Land

• Labor

• Capital

• Enterprise

Explain whether the following is labor, capital, land, or enterprise:

Library building

• Land

• Labor

• Capital

• Enterprise

Explain whether each of the following is labor, capital, land or enterprise:

Business Owner

• Land

• Labor

• Capital

• Enterprise

Explain whether the following is labor, capital, land, or enterprise:

raw ingredients to a cancy bar

• Land

• Labor

• Capital

• Enterprise

The factor of production known as land represents

• human capital

• natural resources/ raw materials - the parts and pieces that go into the final product

• office buildings

• business experience

The economic factor of production that is comprised of the human efforts expended by those not in leadership is...

• Land

• Labor

• Capital

• Entrepreneur

A company that purchases new computers is investing in which factor of production?

• Land

• Labor

• Capital

• Enterprise