Podcast
Questions and Answers
Which of the following is NOT one of the four factors of production?
Which of the following is NOT one of the four factors of production?
- Labor
- Entrepreneurship
- Natural resources (correct)
- Capital
What are natural resources?
What are natural resources?
- Raw materials used to make other things (correct)
- Man-made materials used to make goods
- Skills and knowledge used to create goods
- Money and resources used to produce goods
Which of the following is an example of labor resource?
Which of the following is an example of labor resource?
- Oil
- Factory worker (correct)
- Water
- Copper
What is capital in the context of production?
What is capital in the context of production?
What are some examples of natural resources?
What are some examples of natural resources?
Which of the following is a renewable natural resource?
Which of the following is a renewable natural resource?
What is the first factor of production needed to produce a good or service?
What is the first factor of production needed to produce a good or service?
What do we call the resources used to make goods and services?
What do we call the resources used to make goods and services?
Which of the following is NOT considered a capital resource?
Which of the following is NOT considered a capital resource?
Which factor of production involves someone starting or improving a business?
Which factor of production involves someone starting or improving a business?
Which of the following is an example of entrepreneurship?
Which of the following is an example of entrepreneurship?
What are capital resources used for?
What are capital resources used for?
What is the role of labor in production?
What is the role of labor in production?
What is the role of natural resources in production?
What is the role of natural resources in production?
What is the role of entrepreneurship in production?
What is the role of entrepreneurship in production?
What is an example of a capital resource used by a teacher to produce an educational service?
What is an example of a capital resource used by a teacher to produce an educational service?
What is the last factor of production?
What is the last factor of production?
