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Review FOP and Economy Flashcards | StudBud

Explore/Review FOP and Economy

What FACTOR of PRODUCTION does this represent?

What FACTOR of PRODUCTION does this represent?

Review FOP and Economy

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Questions 10

Answers

1
What FACTOR of PRODUCTION does this represent?
Labor
Land/Natural Resources
Entrepreneurship
Capital
2
What FACTOR of PRODUCTION does this represent?
Labor
Entrepreneurship
Capital
Land/Natural Resources
3
What is agriculture?
Using water, heat, light and soil for farming
Culture of plants for food
Dairy, beef cattle and poultry farming
Fishing
4
What FACTOR of PRODUCTION does this picture represent?
Land
Labor
Capital
Entrepreneur
5
what is an economy?
a house
the way countries run businesses and make money
a farm
a city
6
What is the free enterprise system
An Economy that is free from government control
A economy that sells products for free
An economy that is restricted by the government
A economy that private investors control
7
What FACTOR of PRODUCTION does this represent?
Entrepreneurship
Capital
Labor
Land/Natural Resource
8
What are the four factors of production?
Water, Air, Earth, Fire
Land, Labor, Capital, Entertainment
Land, Labor, capital, Entrepreneurship
Land, Liberty, Capital Entertainment
9
What do textile factories make?
paper
cloth
hair for bald people
textbooks
10
What FACTOR of PRODUCTION does this represent?
Land/Natural Resources
Labor
Capital
Entrepreneurship