
Econ- 2.1 Formative Assessment- Option 2
Authored by Chris Schriever
Social Studies
11th Grade

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13 questions
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1.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
Another name for the Factors of Production is __________.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following is NOT a factor of production?
Land
Labor
Money
Entrepreneurship
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Provide 1 example of a LAND resource NOT given in the video so far.
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Consider the final service of a haircut. What is an example of a labor resource that would be used to produce this service?
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
Consider the final good of a video game. What is an example of the human capital resource that would be used to produce this good?
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the role of human capital in the production process?
It provides the raw materials for production.
It represents the physical tools and machinery used in production.
It refers to the knowledge and skills of the workers.
It brings together all the other factors of production.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is physical capital in the context of production?
The natural resources used in production.
The knowledge and skills of the workers.
The human-made tools and machinery used in production.
The entrepreneurial spirit and initiative.
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