Factors of Production Quiz

Factors of Production Quiz

10th Grade

43 Qs

quiz-placeholder

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Factors of Production Quiz

Factors of Production Quiz

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

Zsuzsa SCHMIDT

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43 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

Capital

Technology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production involves the human effort used in the creation of goods and services?

Land

Labour

Capital

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production refers to the natural resources used in the creation of goods and services?

Land

Labour

Capital

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production involves the financial resources needed to produce goods and services?

Land

Labour

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production involves the initiative to combine the other factors of production to create goods and services?

Land

Labour

Capital

Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three major flows in the economy?

Production flow, Income flow, Spending (expenditure) flow

Production flow, Savings flow, Investment flow

Income flow, Savings flow, Spending (expenditure) flow

Production flow, Investment flow, Spending (expenditure) flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the production flow comprise?

The distribution of goods and services by firms

The production of goods and services by firms

The consumption of goods and services by firms

The marketing of goods and services by firms

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