Economics- Factors Of Production: Question Preview (ID: 26273)


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Resources that are found in nature and used in the production of goods and services.
a) human resources b) capital resources c) natural resources d) embargo resources
The skills, talents and education of people used in the production of goods and services.
a) entrepreneur b) capital resources c) human resources d) natural resource
Goods, such as machines and tools, used in the production of other goods and services.
a) natural resources b) human resources c) entrepreneur d) capital resources
What are the four factors of production?
a) Capital goods, quota, embargo, and tariff b) Natural Resources, human capital, capital goods, entrepreneurs c) Trade barriers, machines, trees, tariff d) clothes, shoes, machines, trees
Capital resources are always _________________________.
a) Computers b) Man-made c) From nature d) living
What does NOT describe an entrepreneur?
a) Unimaginative b) Willing to take risks c) Resourceful d) uses their own money to open their store
Donna opened up Donna's Bakery. Donna would be considered
a) an entrepreneur b) capital goods c) nature d) a mechanic
How can a business increase their human capital?
a) hiring less people b) educate or train their employees. c) laying off their employees d) firing their employees
Natural resources include
a) machines b) roads c) coal, diamonds, trees d) humans
Capital resources include
a) Trees, Coal, water b) workers c) machines, buildings, computers d) entrepreneurs
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