Factors of Production Quiz

Which factor of production refers to the natural resources used in production?

• labor

• land

• capital

• entrepreneurship

Which factor of production refers to the physical and mental effort put into production?

• land

• labor

• capital

• entrepreneurship

Which factor of production refers to the tools, machinery, and buildings used in production?

• labor

• land

• entrepreneurship

• capital

Which factor of production refers to the individuals who take risks and organize the other factors of production?

• labor

• capital

• entrepreneurship

• land

Organize these options into the right categories for Factors of Production for a Grocery Store

Groups:

(a) Land

,

(b) Labor

,

(c) Capitol

,

(d) Entrepreneur

• grocery carts

• Ice Cream

• Water

• Takis

• self check out

• Manager

• President of Safeway

• Deli Meats

• Assistant Manager

• paper bags

• produce

• lights

• Air

• Bagger

• Custodian

• Cashier

• Shampoo & Conditioner

• Land

Which of the following are examples of land.

• dirt

• limestone

• oxygen

• oak tree

• paper

Which of the following are examples of capital for a fast food restaurant.

• Peanut Oil

• Deep Fryer

• Cashier

• Drink Dispenser

Which of the following would be considered an Entrepreneur?

• Steve Jobs- inventor of the IPHONE

• A Manager of an Xfinity Store

• An Owner of an Accounting Firm

• A Lawyer for the District Attorney's Office

Which of the following are examples of Labor for a Gym

• Nutritionist

• Personal Trainer

• Dumbbells

• Gym Owner

Which of the following is NOT an example of Land for a Farm

• Water

• 3 acres of Land

• Tractor

• Soil