WorksheetsFactors of Production
Total questions: 8
Worksheet time: 4mins
Name
Class
Date
1.
The term used to describe the way a nation provides for the needs and wants of its people
a)
resources
b)
economy
c)
factors of production
d)
Infrastructure
2.
Land, labor, capital, and entrepreneurship
a)
Economy
b)
Infrastructure
c)
Factors of production
d)
Capital
3.
Everything contained in the earth or found in the sea ex: coal and crude oil
a)
Land
b)
Labor
c)
Resources
d)
Infrastructure
4.
The goods used in the production process such as factories, machinery and equipment
a)
Land
b)
Labor
c)
Resources
d)
Capital
5.
The physical development of a country including roads, ports, utilities
a)
Land
b)
Labor
c)
Infrastructure
d)
Entrepreneurship
6.
The people who work in both the public and private sector
a)
Land
b)
Labor
c)
Entrepreneurahip
d)
Capital
7.
The skills of people who are willing to invest time and money to run a buainess
a)
Labor
b)
Land
c)
Capital
d)
Entrepreneurship
8.
Difference between wants and needs and available resources
a)
Economy
b)
Factors of Production
c)
Resources
d)
Scarcity
100 %
