
Factor Market
Authored by Brent Harris
Social Studies
7th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a factor market?
A place where only capital goods are sold
A place where resources to make goods and services are bought and sold
A place where goods and services are sold
A place where only natural resources are sold
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor of production sold in a factor market?
Human resources
Capital goods
Consumer goods
Natural resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the operations of a factor market?
Consumer preferences
Supply and demand
Government regulations
International trade agreements
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a factor market?
Labor market
Grocery store
Online store
Banking
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a product market?
A place where only capital goods are sold
A place where goods and services are sold
A place where only labor is sold
A place where resources are bought and sold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a product market?
Labor market
Online stores
Banking
Grocery store
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between a factor market and a product market?
The geographical location
The category of items being offered and sold
The laws of supply and demand
The number of participants
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