Factors of Production Practice Questions

A new office building is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

A deposit of coal is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

A trained auto mechanic is an example of which factor of production? (What is his training referred to as?)

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

Ray Kroc, founder of McDonalds, is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

The mental talents and training of people is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

A computer is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

An unplowed field is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

A factory is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

Irrigated farm land in Bladen County is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs

The person who invented the computer is an example of which factor of production?

• Land

• Labor

• Physical Capital

• Human Capital

• Entrepreneurs