5 Questions
Which one of the following is NOT a factor of production?
Technology
Which one of the following is an example of a service?
Repair service
Which one of the following is an example of a need?
Food
Which one of the following is an example of a want?
Lumber
Which one of the following is an example of entrepreneurship?
Someone who takes on economic risk
Test your knowledge on goods, services, needs, and wants with this quiz! Explore the four factors of production and discover the differences between physical and non-physical items. Challenge yourself and expand your understanding of essential human wants and needs.
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