Factors of Production and Factor Markets Quiz

Explore factors of production with 15 questions covering labor, capital, entrepreneurship, and more. Test yourself now!

#1

Which of the following is considered a factor of production?

Money
Land
Goods
Services
#2

Labor is classified as which factor of production?

Natural Resource
Physical Capital
Human Capital
Entrepreneurship
#3

Which of the following is not a factor of production?

Land
Labor
Money
Capital
#4

Which factor of production includes machinery and tools used in production?

Land
Labor
Capital
Entrepreneurship
#5

Which of the following factors of production is considered immobile?

Land
Labor
Capital
Entrepreneurship
#6

Which factor of production refers to the skills and knowledge of workers?

Land
Labor
Capital
Entrepreneurship
#7

Rent payments are associated with which factor of production?

Land
Labor
Capital
Entrepreneurship
#8

What does the term 'capital' represent in the factors of production context?

Money used for investment
Physical assets used in production
Human effort
Natural resources
#9

Which factor of production encompasses the ability to combine resources to create new products or services?

Land
Labor
Capital
Entrepreneurship
#10

Which factor of production includes the resources obtained from nature?

Land
Labor
Capital
Entrepreneurship
#11

Which factor of production involves the risk-taking aspect of organizing resources?

Land
Labor
Capital
Entrepreneurship
#12

Interest payments are associated with which factor of production?

Land
Labor
Capital
Entrepreneurship
#13

Which factor of production involves the organization and risk-taking aspect of business?

Land
Labor
Capital
Entrepreneurship
#14

Which factor of production encompasses the ability to innovate and take risks?

Land
Labor
Capital
Entrepreneurship
#15

Which of the following represents a characteristic of entrepreneurship in the context of factors of production?

It involves only financial investments.
It refers to the physical efforts of individuals.
It involves the organization and management of resources.
It is a natural resource.

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