Factors of Production

Factors of Production

8th Grade

35 Qs

quiz-placeholder

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Factors of Production

Factors of Production

Assessment

Quiz

Business

8th Grade

Hard

Created by

Maryam Mizra

Used 3+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 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

Entrepreneur

Land

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Factors of Production

Natural Resources

Human Resources

Capital for Production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Land

Capital

Labour

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The physical space and natural resources within a location describes which factor of production?

Land

Entrepreneur

Labour

Capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money and physical assets used to produce goods describes which factor of production?

Labour

Land

Entrepreneur

Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reward for Labor?

Profit

Salary

Return of investment

Work life balance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reward for Entrepreneurs?

Dividends

Assets

Profit

Wages

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