Grade 9 multiple choice questions practise

Which of the following is a free good?

• Wind coming from the sea

• Inoculation provided without charge by the state

• Recycled paper

• Products given away by a supermarket to attract customers

Which of the following is an economic good

• Air

• Newspapers

• Sunlight

• Water

The human effort involved in the production of goods and services is known as:

• Capital
• Entrepreneurship
• Labor
• Land

The enterprising spirit that allows an individual to spot gaps in the market and take risks (including starting a business):

• Entrepreneurship
• Capital
• Land
• Labor

All natural resources that go into the production of a good or service:

• Capital
• Entrepreneurship
• Land
• Labor

Anything within the production process, whether human or technological, that makes production more efficient

• Entrepreneurship
• Capital
• Land
• Labor

Money used to re-invest in a firm and further its business objectives

• Human Capital
• Physical Capital
• Investment Capital
• Enterprise Capital

An individual's knowledge or skills that make production of a good/service more efficient

• Human Capital
• Physical Capital
• Investment Capital
• Enterprise Capital

Iron, minerals, coal and plants are examples of which productive resource?

• land
• labor
• entrepreneurship
• capital

The initiative needed to set up and run a bicycle repair shop is an example of which Factor of Production?

• labor
• land
• entrepreneurship
• capital