Factors of Production CFU

Which of the following is a factor of production?

• land, labor, capital, and entrepreneurship

• consumers, producers, and distributors

• goods, services, and products

• money, resources, and technology

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

• capital

• land

• entrepreneurship

• labor

Which factor of production includes tools, machinery, and buildings used in production?

• capital

• entrepreneurship

• land

• labor

Which factor of production refers to the ability to organize and manage resources?

• entrepreneurship

• labor

• capital

• land

Which of the following is NOT a factor of production?

• Investment

• Capital

• Entrepreneurship

• Labor

Which factor of production includes land, water, minerals, and other resources found in nature?

• capital

• natural resources

• labor

• technology

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

• capital

• land

• labor

• entrepreneurship

Which factor of production includes money, stocks, and other financial assets?

• entrepreneurship

• land

• capital

• labor

Which factor of production refers to the skills, knowledge, and abilities of people?

• entrepreneurship

• labor

• land

• capital

Which factor of production involves taking risks and innovating?

• land

• labor

• entrepreneurship

• capital