8 EMS - Factors of Production

8 EMS - Factors of Production

8th Grade

35 Qs

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8 EMS - Factors of Production

8 EMS - Factors of Production

Assessment

Quiz

Life Skills, Business

8th Grade

Practice Problem

Medium

Created by

Kelly Malan

Used 23+ times

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35 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

All of the economic inputs that are required to produce goods and services are called:

Factors of production

Supply

Demand

Capital goods

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The physical effort of people to produce goods or services describes which factor of production?

Land

Capital

Labour

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The ideas and emotional drive a person has to produce something that other people will want to buy describes which factor of production?

Capital

Labour

Entrepreneurship

Land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land includes...

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital refers to...

The "gifts of nature" or natural resources not created by human effort.

people with all their efforts and abilities

the tools, equipment, and factories used in production of goods and services

individuals who start a new business or bring a product to market.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labour refers to...

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

the tools, equipment, and factories used in production of goods and services.

The "gifts of nature" or natural resources not created by human effort.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs are...

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

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