WorksheetsFactors of Production Quiz
Total questions: 9
Worksheet time: 6mins
In this image, what is the land?
The tables and chairs
The building
The people making the coffee
The coffee beans
In this image, what is the physical capital?
The baristas
The coffee machines
The people waiting for coffee
In this image, what is the human capital?
The people waiting for coffee
The coffee
The barista's ability to make good coffee
The tables and chairs
In this image, what is the labor?
The barista's knowledge of how to make coffee
The cashier taking orders and payment
The customer waiting
The machines making the coffee
Which of the following is an example of entrepreneurship (check all that apply).
Working at a coffee shop
Creating a new way to roast coffee beans
Farming coffee beans
Envisioning a new kind of coffee house that is ore family-friendly
Patronizing a coffee shop
Which is an example of a good?
A cup of coffee
The barista's skill with an foaming machine.
Which is an example of a service?
A baker in a coffee shop making amazing croissants.
A croissant.
Which of the following are scarce resources? (Check all that apply)
water
land
coal
fossil fuels
Why do we care about economics?
Because we want to know how to make money in the 21st Century
Because there are not enough resources to fulfill needs and wants, so we have to solve problems and make choices.
Because there are too many resources and we have to decide who gets what.
