Factors Of Production Question Preview (ID: 61457)
Factors Of Production - Practice.
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Refers to man-made goods, such as tools, which are used to produce other goods.
a) Capital
b) Land
c) Labor
d) Entrepreneurship
Individuals who are willing to take risks, to bring the resources together and develop new products, and start new businesses.
a) Entrepreneurship
b) Land
c) Labor
d) Capital
A garbage truck driver is an example of which factor of production?
a) labor
b) land
c) capital
d) entrepreneurship
Iron, minerals, coal, and plants are examples of which productive resource?
a) land
b) labor
c) capital
d) entrepreneurship
Which factor of production would you consider a cow?
a) land
b) labor
c) capital
d) entrepreneurship
Land, labor, capital, and entrepreneurship
a) Factors of production
b) Economy
c) Infrastructure
d) Capital
Difference between wants and needs and available resources.
a) Scarcity
b) Resources
c) Factors of production
d) Economy
Skills and knowledge of workers
a) Human capital
b) Physical capital
c) Labor
d) Land
The people who work in a business.
a) Labor
b) Land
c) Capital
d) Entrepreneurship
Everything contained in the earth or found in the sea.
a) Land
b) Labor
c) Capital
d) Entrepreneurship
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