Factors of Production Quiz
Authored by Patrice Medwinter
Other
9th - 12th Grade
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first factor of production?
labor
land
entrepreneurship
capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production refers to the physical and mental effort of human beings?
capital
land
entrepreneurship
labor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used for man-made resources used in the production process?
capital
entrepreneurship
labor
land
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production involves the ability to take risks and innovate?
entrepreneurship
labor
capital
land
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the gifts of nature that are used in the production of goods and services?
Raw materials
Man-made resources
Artificial ingredients
Natural resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production includes all natural resources such as land, water, minerals, etc.?
land
labor
capital
entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second factor of production?
capital
land
labor
entrepreneurship
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