Factors of Production

Factors of Production

Assessment

Flashcard

Social Studies

12th Grade

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

When talking about the Factors of Production, in Land includes...

Back

Any natural resources not created by human effort.

2.

FLASHCARD QUESTION

Front

Capital refers to...

Back

Tools, equipment, and factories used in production of goods and services

3.

FLASHCARD QUESTION

Front

Labor refers to...

Back

The human efforts, both physical and mental required for production.

4.

FLASHCARD QUESTION

Front

Entrepreneurs are...

Back

individuals who start a new business or bring a product to market.

5.

FLASHCARD QUESTION

Front

A herd of cattle is an example of ...

Back

Land

6.

FLASHCARD QUESTION

Front

A bulldozer is an example of...

Back

Capital

7.

FLASHCARD QUESTION

Front

Answering phone calls in a call center is ...

Back

Labor

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