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Factors Of Production
Test Description: Factors of Production - Practice
Instructions: Answer all questions to get your test result.
1) Refers to man-made goods, such as tools, which are used to produce other goods.
A
Capital
B
Entrepreneurship
C
Land
D
Labor
2) Individuals who are willing to take risks, to bring the resources together and develop new products, and start new businesses.
A
Capital
B
Entrepreneurship
C
Labor
D
Land
3) A garbage truck driver is an example of which factor of production?
A
land
B
entrepreneurship
C
capital
D
labor
4) Iron, minerals, coal, and plants are examples of which productive resource?
A
land
B
labor
C
capital
D
entrepreneurship
5) Which factor of production would you consider a cow?
A
land
B
entrepreneurship
C
capital
D
labor
6) Land, labor, capital, and entrepreneurship
A
Capital
B
Factors of production
C
Economy
D
Infrastructure
7) Difference between wants and needs and available resources.
A
Resources
B
Scarcity
C
Factors of production
D
Economy
8) Skills and knowledge of workers
A
Human capital
B
Labor
C
Physical capital
D
Land
9) The people who work in a business.
A
Entrepreneurship
B
Capital
C
Labor
D
Land
10) Everything contained in the earth or found in the sea.
A
Capital
B
Land
C
Labor
D
Entrepreneurship
*select an answer for all questions
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