Factors of Production

Front

What are the four factors of production? Options: Labor, Land, Workforce, Entrepreneurship; Capital, Land, Entrepreneurship, Labor; Land, Capital, Tools, Entrepreneurship; Land, Labor, Leaders, Capital

Back

Capital, Land, Entrepreneurship, Labor

Front

Oil is an example of which factor?

Back

Land

Front

Which is not a land resource? Wood chips, Swimming pool, Coal deposits, Sea water

Back

Swimming pool

Front

What is the role of capital?

Back

It allows people to work more efficiently to make goods and services.

Front

What are the factors of production used to create?

Back

Goods and services

Front

Which factor of production is primarily associated with innovation and risk-taking? Options: Capital, Entrepreneurship, Land, Labor

Back

Entrepreneurship

Front

Which of the following is an example of capital in a business? CEO, Natural gas, Office building, Employee training

Back

Office building

Front

Which factor of production is most directly affected by technological advancements?

Back

Capital

Front

Which of the following is an example of labor in a business? Factory worker, Machinery, Office space, Investment

Back

Factory worker

Front

Which factor of production is primarily concerned with the natural resources available? Options: Capital, Labor, Land, Entrepreneurship

Back

Land