Goods
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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</p> Signup and view all the answers

    Which one of the following is an example of entrepreneurship?

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

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