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Ch1 Factors of Production

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

Assembly line worker

a)

Land

b)

Labor

c)

Physical capital

d)

Human capital

e)

Entrepreneuership

2.

Nurse

a)

Land

b)

Labor

c)

Physical capital

d)

Human capital

e)

Entrepreneuership

3.

Steve Jobs

a)

Land

b)

Labor

c)

Physical capital

d)

Human capital

e)

Entrepreneuership

4.

Natural Resource

a)

Land

b)

Labor

c)

Physical capital

d)

Human capital

e)

Entrepreneuership

5.

Iron Ore

a)

Land

b)

Labor

c)

Physical capital

d)

Human capital

e)

Entrepreneuership

6.

Which of the factors of production is this?

a)

capital

b)

entrepreneur

c)

land

d)

labor

7.

Which one of the factors of production is this?

a)

capital

b)

entrepreneur

c)

land

d)

labor

8.

This factor involves money, equipment, and tools and any items to produce goods and services?

a)

capital

b)

entrepreneur

c)

land

d)

labor

9.
The people who decide to buy.
a)
Producers
b)
Consumers
c)
Economist
d)
Entreprenuers
10.
The term "factors of production" means:
a)
things or skills needed to produce goods or services
b)
how we spend our money
c)
the resources of the government
d)
how society creates jobs
11.

Land includes...

a)

The "gifts of nature" or natural resources not created by human effort.

b)

the tools, equipment, and factories used in production of goods and services

c)

people with all their efforts and abilities

d)

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