NEW
Font size
WorksheetsFactors of Production KA
Total questions: 28
Worksheet time: 7hrs 0mins
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
Timber is an example of...
Land
Labor
Entrepreneurs
Capital
A bulldozer is an example of...
Land
Labor
Entrepreneurs
Capital
Your electrician is an example of
Land
Labor
Entrepreneurs
Capital
Your veterinarian is an example of...
Land
Labor
Entrepreneurs
Capital
Bill Gates is an example of...
Land
Labor
An Entrepreneur
Capital
Which factor of production would you consider a cow?
Land
Labor
Capital
Entrepreneur
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
How many factors of production are needed to produce a good or service?
2
4
6
8
What is labor?
Hard Work
People who only do the physical work.
People who do the work to produce something.
None of the above.
What is entrepreneurship?
Shipping of products and services.
Starting or improving a business.
Improving needs and wants.
All of the above.
__________ An example of a natural resource is a cell phone.
True
False
__________ The entrepreneur combines natural resources, labor, and capital to produce a good or service.
True
False
Which one of the four factors of production does the picture show?
Natural Resources
Labor
Capital
Entrepreneur
If a country is lacking water and arable land, this is a problem with
Capital Goods
Human Capital
Natural Resources
Entrepreneurship
A herd of cattle is an example of ...
Natural Resources
Labor
Entrepreneur
Capital
