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WorksheetsFactors of production
Total questions: 20
Worksheet time: 10mins
How many factors of production do we have?
1
4
2
3
Gold and oil can be seen as:
Natural resources
Labour
Capital
Entrepreneurship
Identify the correct factor of production.
Skilled people working in a lawyers firm will be seen as?
Natural resources
Labour
Capital
Entrepreneurship
Identify the correct factor of production.
Individuals with great ideas and willing to take risks.
Natural resources
Labour
Capital
Entrepreneurship
Identify the correct factor of production.
Machinery and factories are?
Natural resources
Labour
Capital
Entrepreneurship
Identify the correct factor of production.
Water, wood and fish are?
Natural resources
Labour
Capital
Entrepreneurship
Identify the correct factor of production.
Any person working will be seen as?
Natural resources
Labour
Capital
Entrepreneurship
When we look at tools and money invested in a business, it can be classified as which factor of production?
Natural resources
Labour
Capital
Entrepreneurship
Land / Natural resources will earn?
Profit
Wages
Rent
Interest
Capital will earn?
Profit
Wages
Rent
Interest
Entrepreneurship will earn?
Profit
Wages
Rent
Interest
Labour will earn?
Profit
Wages
Rent
Interest
Mineral deposits will be seen as?
Natural resources
Labour
Capital
Rent
Workers who have specialized training or
a learned skill-set to perform the work can be classified as?
Skilled labour
Semi-skilled labour
Unskilled labour
Cheap labour
The jobs that require unskilled labour are continually
shrinking due to technological and societal advances.
True
False
A form of borrowed capital is?
Loans
Savings
Inheritance
Some business like a doctor's practice will only have three factors of production.
True
False
Which is not an example of skilled labour?
Accountant
Doctor
Manager
Farm worker
Businesses have the right to employ who ever they want?
True
False
Plants and water are all renewable resources.
True
False
