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UOI #6 Quiz

Authored by Dale Roberts

Social Studies

5th Grade

Used 1+ times

UOI #6 Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four factors of production?

Land

Labour

Goods

Entrepreneurship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of capital in the production of a pencil?

The graphite in the pencil

The labour of the pencil maker

The land where the pencil is made

The machinery used to make the pencil

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an output of a bakery?

Flour

Sugar

A cake

An oven

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a benefit of specialization in the production of goods and services?

It reduces the need for trade and exchange.

It allows workers to focus on a particular task and become more skilled at it.

It eliminates the need for technology and machinery.

It increases the cost of production.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of division of labor in a car factory?

One worker assembling an entire car from start to finish.

One worker installing the engine, another worker installing the tires, and another worker installing the seats.

One worker designing the entire car and overseeing the production process.

One worker driving the car off the assembly line and delivering it to the dealership.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true of salaries?

They are typically paid on a per-hour basis.

They are typically paid to unskilled workers.

They are typically paid to employees who receive tips.

They are typically paid on a yearly basis.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of a bank?

Providing loans to individuals and businesses.

Keeping money safe for customers.

Selling houses and other expensive necessities.

Facilitating the transfer of money between individuals and businesses.

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