Factors of Production
Authored by Maryam Mizra
Business
8th Grade
Used 3+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Entrepreneur
Land
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The physical effort of people to produce goods or services describes which factor of production?
Land
Capital
Labour
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The physical space and natural resources within a location describes which factor of production?
Land
Entrepreneur
Labour
Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money and physical assets used to produce goods describes which factor of production?
Labour
Land
Entrepreneur
Capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reward for Labor?
Profit
Salary
Return of investment
Work life balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reward for Entrepreneurs?
Dividends
Assets
Profit
Wages
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