Unit 4 Factors of Production, Technology and Opportunity Cost

Unit 4 Factors of Production, Technology and Opportunity Cost

9th - 12th Grade

35 Qs

quiz-placeholder

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Unit 4 Factors of Production, Technology and Opportunity Cost

Unit 4 Factors of Production, Technology and Opportunity Cost

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Emily Vaught

Used 7+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The creation of any kind of good or service is known as:
Input
Resources
Production
Entrepreneurship

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All of the things necessary for production are known as:
Production
Entrepreneurship
Outputs
Resources

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The human effort involved in the production of goods and services is known as:
Capital
Entrepreneurship
Labor
Land

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The enterprising spirit that allows an individual to spot gaps in the market and take risks (including starting a business):
Entrepreneurship
Capital
Land
Labor

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All natural resources that go into the production of a good or service:
Capital
Entrepreneurship
Land
Labor

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A garbage truck driver is an example of which Factor of Production?
labor
land
entrepreneurship
capital

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Iron, minerals, coal and plants are examples of which productive resource?
land
labor
entrepreneurship
capital

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