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Factors of Production and Industry Quiz

Authored by Rene Ornelas

Social Studies

6th Grade

Used 1+ times

Factors of Production and Industry Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the types of factors of production?

Land, labor, capital, and entrepreneurship

Government, laws, and regulations

Machinery, equipment, and tools

Water, air, and sunlight

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of land in industry?

Land is only used for residential purposes

Land has no role in industry

Land is used for agricultural purposes only

Land provides space for setting up factories and other industrial facilities.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does labor contribute to different industries?

By increasing the cost of production and reducing profitability

By causing delays and inefficiencies in the production process

By creating unnecessary competition and conflict within the industry

By providing the necessary workforce for production, operation, and service.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the importance of capital in production?

Capital is essential for increasing productivity and efficiency in the production process.

There is no relationship between capital and productivity in production

Capital only leads to inefficiency in production

Capital is not important in production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is entrepreneurship and how does it impact various industries?

Entrepreneurship is the process of closing down businesses and organizations, leading to job loss and economic decline.

Entrepreneurship is the process of starting a business or organization, typically in response to identified opportunities. It impacts various industries by driving innovation, creating jobs, and stimulating economic growth.

Entrepreneurship has no impact on industries and is only focused on individual profit.

Entrepreneurship only benefits large corporations and has no impact on small businesses or startups.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production includes natural resources such as water and minerals?

Entrepreneurship

Land

Capital

Labor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of labor in industries?

Skilled labor, unskilled labor, and semi-skilled labor

Full-time labor, part-time labor, and temporary labor

Physical labor, mental labor, and emotional labor

White collar labor, blue collar labor, and pink collar labor

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