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Factors of Production and Human Capital Quiz
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Factors of Production and Human Capital Quiz

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Questions and Answers

Which of the following are factors of production?

  • Labor, money, infrastructure, and innovation
  • Land, labor, capital, and entrepreneurship (correct)
  • Land, currency, technology, and management
  • Labor, machinery, investment, and marketing

    • Which factor of production is not tangible tools but knowledge and skill?

  • Social capital
  • Natural capital
  • Human capital (correct)
  • Physical capital

    • Which factor of production refers to the physical tools and machinery used in production?

  • Capital (physical) (correct)
  • Labor
  • Entrepreneurship
  • Land

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