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M1 ME Ch 3.1 Factors of Production/Economic Resources Practice Flashcards | StudBud
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M1 ME Ch 3.1 Factors of Production/Economic Resources Practice
M1 ME Ch 3.1 Factors of Production/Economic Resources Practice
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Short quiz on the factors of production #factorsofproduction
Flashcards
12 cards
F
Practice quiz
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Questions
12
Answers
1
oil drilling equipment
Capital
Land
Labor
Not a productive resource
2
Tuna in a can (you are going to eat it)
Land
Not a productive Resource
Labor
Capital
3
a Sims computer game
Labor
Not a productive economic resource
Capital
Land
4
tuna in the ocean
Labor
Not a productive Resource
Entrepeneurship
Land
5
Kids running a lemonade stand
Entrepeneurship
Land
Capital
Labor
6
iron ore
Capital
Land
Labor
Entrepreneurship
7
a tractor
Entrepreneurship
Labor
Land
Capital
8
a worker on an oil platform on the Gulf Coast
Capital
Land
Entrepreneurship
Labor
9
water in the Tennessee River
Capital
Not a productive resource
Land
Labor
10
a $100 bill
Capital
Not a productive Resource
Land
Entrepeneurship
11
an Intel engineer developing a smaller microchip on his own time
Land
Entrepreneurship
Capital
Labor
12
100 shares of Apple stock
Labor
Entrepreneurship
Capital
Not a productive Resource
