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Econ Quiz #9 - Factors of Production - Land

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Iron, minerals, coal and plants are examples of which productive resource?

a)

labour

b)

land

c)

capital

d)

none of the above

2.

Which factor of production would you consider a cow?

a)

land

b)

labour

c)

animals

d)

none of the above

3.

. Land, labor, capital, and entrepreneurship are all

a)

Capital

b)

Infrastructure

c)

Economy

d)

Factors of production

4.

Everything contained in the earth or found in the sea ex: coal and crude oil is considered as "land" in the factors of productions

a)

True

b)

False

5.

Difference between wants and needs and available resources is

a)

Factors of Production

b)

Scarcity

c)

Resources

d)

Economy

6.

Land has no cost of production

a)

True

b)

False

7.

Land is ______ in supply. Fill in the blanks

a)

plentiful

b)

fixed

c)

endless

d)

none of the above

8.

Land is not used in the production of almost all goods and services

a)

True

b)

False

9.

Land is geographically immobile

a)

True

b)

False

10.

Land is the all naturally occurring free gift of nature

a)

True

b)

False