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quiz #2

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.
Which factor of production would you consider a lawn mower?
a)
Land
b)
Labor
c)
Capital
d)
Entrepreneur
2.
Iron, minerals, coal and plants are examples of which productive resource?
a)
land
b)
labor
c)
entrepreneurship
d)
capital
3.
A garbage truck driver is an example of which Factor of Production?
a)
labor
b)
land
c)
entrepreneurship
d)
capital
4.
Dairy farmer
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
5.
Paramedic
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
6.
Which type of economy is based on traditions and beliefs?
a)
Command
b)
Market
c)
Traditional
d)
Mixed
7.
What type of economy does the USA have?
a)
Mixed
b)
Market
c)
Command
d)
Traditional
8.
When Javier sends his employees to a training seminar where they will become better workers, he is investing in.......
a)
Human capital
b)
Capital goods
c)
His business
d)
GDP
9.

What is an entrepreneur?

a)

A teacher

b)

Someone who starts a business

c)

An employee

d)

A call center for information

10.

A baker in a cookie store represents what factor of production?

a)

land

b)

labor

c)

capital

d)

entrepreneurship

11.

Who controls everything in a COMMAND economy?

a)

the people

b)

the government

c)

God

d)

children

12.

How does an economy support a group of people?

a)

It provides the basic needs for life from resources

b)

It resolves a fight between groups

c)

It relies on religion to define the needs of people

d)

It takes away all necessary things

13.

Having a common religion, language and ethnicity can all lead to what?

a)

Making people hate one another

b)

Unifying a group of people with similar culture

c)

Fights among the group

d)

A difficult time making decisions

14.

A LIMITED government is when...

a)

the government can do whatever they want

b)

the government has restriction from the people

c)

the government forces people to do things

d)

the government creates anarchy

15.

An UNLIMITED government is when...

a)

the government can do whatever they want

b)

the government is run by the people

c)

the government is representative

d)

the government is in chaos