Factors of Production Review

Factors of Production Review

Assessment

Interactive Video

Social Studies

6th Grade

Medium

Created by

Lisa Franklin

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four factors of production?

Land, labor, capital, and entrepreneurship

Land, money, time, and labor

Capital, goods, services, and land

Labor, resources, capital, and technology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in the factor of production known as land

Human effort and skills

Natural resources like water and oil

Machines and tools

Business ideas

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do we call the income earned by resource owners for using land?

Wages

Rent

Interest

Profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the effort that people contribute to the production of goods and services?

Land

Capital

Labor

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the payment to labor resources called?

Rent

Wages

Profit

Interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of capital?

A factory building

A farmer

A natural resource

A business plan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor of production?

Land

Labor

Money

Capital

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