1.2 The factors of production

1.2 The factors of production

10th Grade

40 Qs

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1.2 The factors of production

1.2 The factors of production

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

Tianming Gao

Used 65+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the factors of production?

land, capital, needs and wants

land, labor, capital, and entreprise

water, air, food, and shelter

land, capital, goods and services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of factor of production is a road?

capital

enterprise

labour

land

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by 'labour' in economics?

Hard physical work used to produce manufactured goods 
Human mental and physical effort used for producing goods and services
Natural resources used in the productive process
Risk taking and organising the factors of production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production is the most closely related to education?

capital

enterprise

labour

land

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production is the least mobile?

capital

enterprise

labour

land

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which are not a factors of production?

land

rent

capital

interest

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would be an example of human capital?

The amount of workers who work in a Nike factory

The skills of the shoe designers at Nike

Philip Knight, the CEO of Nike

The land that the Nike headquarters is located on in Beaverton Oregon

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