What does land refer to in the context of factors of production?
Factors of Production Quiz

Quiz
•
Social Studies
•
10th Grade
•
Easy

Emmanuel Enakhifo
Used 4+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Physical land such as fields and forests
Natural resources found on land such as minerals and oil
Both physical land and natural resources found on land
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of land as a factor of production?
The supply of land in the whole world is fixed
Land is geographically immobile
The reward for the use of land is rent
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of land as a factor of production?
It provides the basis for all production activities
It is used for farming, fishing, and logging
It includes natural resources used in production
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of primary production?
A farmer growing crops
A factory manufacturing cars
A restaurant serving food
A bank providing financial services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of labor as a factor of production?
Labor is geographically mobile
The supply of labor can be varied
The reward for labor services is wages/salaries
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Secondary production involves:
Extracting and refining natural resources
Transforming raw materials into finished goods
Providing services to consumers
Distributing goods through a supply chain
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main purpose of production in economics is to:
Maximize profits for businesses
Meet the needs and wants of consumers
Create employment opportunities
Stimulate economic growth
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