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Factors of Production Quiz Flashcards | StudBud
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Factors of Production Quiz
Factors of Production Quiz
28 terms
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StudBud Administration
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1 play
Factors, Crusoe, du Pont
Flashcards
28 cards
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Practice quiz
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Questions
28
Answers
1
Which factor of production includes innovation and risk-taking?
Land
Labor
Entrepreneurship
Capital
2
What is a green economy?
Supply and demand
Mixed economy
Command economy
Sustainable and environmentally friendly
3
Which factor of production includes all productive resources?
Capital
Land
Entrepreneurship
Labor
4
What is a barter economy?
Supply and demand
Mixed economy
Command economy
Trade by exchanging goods and services
5
Which factor of production includes physical and mental effort?
Entrepreneurship
Labor
Capital
Land
6
How does Robinson Crusoe survive on the island?
Hunting and farming
Fishing and swimming
Praying for help
Stealing from others
7
What is a market economy?
Command economy
Barter system
Mixed economy
Supply and demand
8
Which factor of production includes machinery and tools?
Capital
Land
Labor
Entrepreneurship
9
What is a communist economy?
State ownership and central planning
Mixed economy
Supply and demand
Command economy
10
Which factor of production refers to the ability to organize and manage resources?
Land
Labor
Entrepreneurship
Capital
11
What is a subsistence economy?
Mixed economy
Self-sufficiency agriculture
Command economy
Supply and demand
12
What is a mixed economy?
Barter system
Supply and demand
Command economy
Combination of public and private sectors
13
Which industry does E I duPont primarily operate in?
Chemical
Automotive
Food and Beverage
Technology
14
What are the factors of production in economics?
Land
Capital
Entrepreneurship
Labor
15
Who was the founder of E I duPont?
Pierre du Pont
John Smith
Thomas Edison
Henry Ford
16
Which factor of production refers to natural resources?
Land
Capital
Entrepreneurship
Labor
17
What is a command economy?
Supply and demand
Barter system
Government controlled
Mixed economy
18
What is a planned economy?
Mixed economy
Supply and demand
Command economy
Central government planning
19
Which factor of production includes human effort and skills?
Labor
Capital
Entrepreneurship
Land
20
In what year was E I duPont founded?
1954
1802
1920
1888
21
What is a socialist economy?
Government ownership and control
Supply and demand
Command economy
Mixed economy
22
What is a traditional economy?
Supply and demand
Barter system
Mixed economy
Command economy
23
What is the main theme of Robinson Crusoe?
Love and friendship
Justice and equality
War and peace
Survival and self-reliance
24
Which factor of production includes man-made resources?
Entrepreneurship
Labor
Land
Capital
25
What is a gift economy?
Goods and services are given without expectation
Command economy
Mixed economy
Supply and demand
26
Which factor of production includes skills and knowledge?
Labor
Capital
Land
Entrepreneurship
27
What is a capitalist economy?
Mixed economy
Supply and demand
Command economy
Private ownership and free market
28
Which factor of production includes raw materials and natural resources?
Entrepreneurship
Labor
Capital
Land
