Land includes...
ecn111

Quiz
•
Business
•
12th Grade
•
Hard
Lexy Eddo
Used 2+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
2.
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.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four factors of production?
Natural Resources, Capital, Need & Want
Natural Resources, Labor, Capital, Entrepreneurs
Water, Air, Food & Shelter
Land, Capital, Goods & Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Labor is not inseparable from the Laborer
True
false
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
capital is the accumulated knowledge and experience an average in the economy possesses.
Labor
Capital
Human capital
Job experience
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The payment to entrepreneurship is
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Non- Renewable land or natural resources are forests, ethanol and many others
True
False
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Production is the measure of creating, growing, manufacturing or improving goods and services.
True
False
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