Factors of Production

1.     The ideas and emotional drive a person has to produce something that other people will want to buy describes which factor of production?

• Capital

• Labour

• Entrepreneurship

• Land

2.     All of the economic inputs that are required to produce goods and services are called:

• Factors of production

• Natural resources

• Human Resources

• Capital for production

3.     The physical effort of people to produce goods or services describes which factor of production?

• Land

• Capital

• Labor

• Entrepreneurship

4.     The physical space and natural resources within a location describes which factor of production?

• Land

• Entrepreneurship

• Labor

• Capital

5.     The money and physical assets used to produce goods describes which factor of production?

• Labor

• Land

• Entrepreneurship

• Capital

6.     What is the reward for Labor?

• Profit

• Wages

• Return on Investment

• Work life balance

7.     What is the reward for Entrepreneurs?

• Dividends

• Assets

• Profits

• Wages

8.     What is the reward for Land?

• Return on Investment

• Factories

• Profit

• Rent

9. 9.     What is the reward for Capital?

• Return on Investment

• Profit

• Salary

• Depreciation