WorksheetsFactors of Production -Types of Goods and Productivity
Total questions: 15
Worksheet time: 11mins
Goods used as inputs in the production process
Producer goods
Intermediate goods
Final good
Consumer good
Goods used by customer
Producer goods
Intermediate goods
Final service
Consumer good
Goods used to create other goods
Producer goods
Intermediate goods
Final service
Consumer good
Baker buying 1000 pounds of flour for his business
Producer goods
Intermediate goods
Final service
Consumer good
Select ALL the components of the production function
Land
Labour
Capital
Raw Material
The conversion of factors of production into goods and services
Product
Production
Productivity
Economic growth
Adding value to products or services for resale
Product
Production
Productivity
Economic growth
A measure of output per unit of input
Product
Production
Productivity
Economic growth
This measure relates to how we produce?
Value-adding
Production
Productivity
Economic growth
Select all the types of productivity covered in this course so far
Labour productivity
Land productivity
Capital productivity
Management productivity
Select all the ways you can improve your productivity
Set goals
Organize and prioritize
Keep track of time
Multitask
Pray
Select all the methods that can be used to increase productivity
Threaten dismissal
Specialization
Reward workers
Increase training for workers
Which of the following is NOT an advantage of being productive?
Lower cost of production
You may get paid less because the job took less time
Increase customer satisfaction
Maximize use of scarce resources
Point E on the PPF represents:
Efficient point of production
Inefficient point of production
Unattainable point of production
The effect of migration on the economy
Point C on the PPF represents:
Efficient point of production
Inefficient point of production
Unattainable point of production
A somewhat efficient point of production
