5/6th Economics-Factors of Production Social Studies Knowledge Bowl

Question 1

What is the most important factor of production?

Accepted Answer

Capital

Question 2

The factor of labor represents The productive resources that can only be applied to human costs.

Accepted Answer

True

Question 3

What do the factors of production include?

Accepted Answer

All of the above

Question 4

What does the factor, capital, refer to?

Accepted Answer

Money

Question 5

The factor of production are the inputs needed for the creation of good service?

Accepted Answer

True

Question 6

Which is a factor of production?

Accepted Answer

Labor

Question 7

Land was called to be the “original and inexhaustible gift of nature.”

Accepted Answer

True

Questions 7