Factors of Production Quiz

Which of the following is not a factor of production?

• Land

• Labour

• Organisation

• Taxes

What is the main characteristic of capital as a factor of production?

• It is man-made

• It is immobile

• It is self-sufficient

• It is unlimited in supply

Which factor of production is considered a passive factor?

• Land

• Labour

• Organisation

• Capital

The term 'entrepreneur' is most closely associated with which activity?

• Managing land resources

• Risk-bearing and innovation

• Providing labour

• Supplying raw materials

What makes land a unique factor of production?

• It is mobile

• It is unlimited in supply

• It is indestructible and immobile

• It is created by human efforts

Which of the following is a characteristic of land?

• It is a free gift of nature

• It can be manufactured

• It is always renewable

• It depreciates over time

Why is land referred to as a passive factor?

• It does not contribute to production

• It cannot produce without the help of other factors

• It is not required in production

• It is always available in abundance

Labour differs from other factors of production because:

• It is a passive factor

• It is perishable and cannot be stored

• It is unlimited in supply

• It cannot move from place to place

What is an essential quality of labour as a factor of production?

• It can be separated from labourers

• It involves only physical work

• It is undertaken for monetary reward

• It is unlimited in supply

Which of the following is an example of skilled labour?

• Teaching

• Digging

• Cleaning

• Moving goods