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Questions and Answers

Which one of the following is NOT a factor of production?

Land

Technology (correct)

Labor

Capital

Which one of the following is an example of a service?

Shelter

Water

Food

Repair service (correct)

Which one of the following is an example of a need?

Food (correct)

Natural gas

Factories

Machines

Which one of the following is an example of a want?

<p>Lumber (C)</p> Signup and view all the answers

Which one of the following is an example of entrepreneurship?

<p>Someone who takes on economic risk (A)</p> Signup and view all the answers

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Questions and Answers

Which one of the following is NOT a factor of production?

Which one of the following is an example of a service?

Which one of the following is an example of a need?

Which one of the following is an example of a want?

Which one of the following is an example of entrepreneurship?

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