Factors of Production

Factors of Production

8th Grade

35 Qs

quiz-placeholder

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Grade 8 Factors of Production

Grade 8 Factors of Production

8th Grade

30 Qs

Factors of Production

Factors of Production

Assessment

Quiz

Business

8th Grade

Hard

Created by

Maryam Mizra

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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