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Four Factors of Production Flashcards | StudBud
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Four Factors of Production
Four Factors of Production
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Questions
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Answers
1
Water
Capital
Land
Entrepreneurialism
Labor
2
Public Library
Entrepreneurialism
Land
Labor
Capital
3
Bill Gates, Founder of Microsoft Computers
Capital
Land
Entrepreneurs
Labor
4
Power Plant
Capital
Labor
Entrepreneurialism
Land
5
Which of the following would NOT be considered a form of economic capital?
A hammer
A truck
Factory
A rock
6
In Economics, what elements are required to produce
GOODS & SERVICES?
Land, Labor, Capital, Entrepreneurship
Land
Land, Labor, Capital
Land, Labor
7
Railroads
Entrepreneurialism
Capital
Land
Labor
8
Cashiers
Capital
Labor
Entrepreneurialism
Land
9
Why is it impossible to meet the needs of everyone, at 100% efficiency?
Labor is scarce.
Land is scarce.
All Factors of Production are scarce.
Capital is scarce.
10
Unemployed Salesperson
Capital
Entrepreneurs
Labor
Land
11
Doctors
Entrepreneurialism
Labor
Land
Capital
12
Schoolbus
Land
Labor
Entrepreneurialism
Capital
13
Uncut Timber
Entrepreneurialism
Capital
Land
Labor
14
Refined Oil
Entrepreneurialism
Labor
Land
Capital
15
Iron Ore
Land
Entrepreneurialism
Labor
Capital
