Factors of Production ECON | Business - Quizizz

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Factors of Production ECON

10th grade

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Factors of Production ECON
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Productivity
Productivity is used to measure the efficiency or rate of production.
It is the amount of output (e.g. number of goods produced) per unit of input (e.g. labor, equipment, and capital).
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Example of land productivity
Tommy Jones plants pineapples on 400 acres of land. He reaps 20,000 pineapples.
Output/Acres
20,000 pineapples /400 acres = 50 pineapples per acre
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Question 18
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Q. The creation of any kind of good or service is known as:
answer choices
Input
Resources
Production
Entrepreneurship
Input
alternatives
Resources
Production
Entrepreneurship
answer explanation
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Question 19
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Q. Iron, minerals, coal and plants are examples of which productive resource?
answer choices
land
labor
entrepreneurship
capital
land
alternatives
labor
entrepreneurship
capital
answer explanation
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Question 20
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Q. Your garbage man is an example of
answer choices
Land
Labor
Entrepreneurs
Capital
Land
alternatives
Labor
Entrepreneurs
Capital
answer explanation
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Question 21
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Q.
Labour productivity could be increased by all of the following except:
answer choices
using more technologically advanced machines
increasing the amount of automation
improved training of workers
employing more workers to produce the same level of output
<p>using more technologically advanced machines</p>
alternatives
<p>increasing the amount of automation</p>
<p>improved training of workers</p>
<p>employing more workers to produce the same level of output</p>
answer explanation
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Question 22
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Q.
One of the benefits of increasing productivity is:
answer choices
more workers will be employed
total production will increase with the same number of workers
average costs will stay the same
fewer raw materials will be needed to produce the same level of output
<p>more workers will be employed</p>
alternatives
<p>total production will increase with the same number of workers</p>
<p>average costs will stay the same</p>
<p>fewer raw materials will be needed to produce the same level of output</p>
answer explanation
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Question 23
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Q.
What does productivity mean?
answer choices
productivity is how products are made
productivity is a measure of how many workers a business has
productivity measures efficiency
productivity measures effectiveness
<p>productivity is how products are made</p>
alternatives
<p>productivity is a measure of how many workers a business has</p>
<p>productivity measures efficiency</p>
<p>productivity measures effectiveness</p>
answer explanation
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Question 35
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Q. A bulldozer is an example of...
answer choices
Land
Labor
Entrepreneurs
Capital
Land
alternatives
Labor
Entrepreneurs
Capital
answer explanation
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Question 36
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Q. Forests are examples of...
answer choices
Land
Labor
Entrepreneurs
Capital
Land
alternatives
Labor
Entrepreneurs
Capital
answer explanation
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Question 37
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Q. Any technology/machinery involved in the production process:
answer choices
Human Capital
Physical Capital
Investment Capital
Enterprise Capital
Human Capital
alternatives
Physical Capital
Investment Capital
Enterprise Capital
answer explanation
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Question 38
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Q. A garbage truck driver is an example of which Factor of Production?
answer choices
labor
land
entrepreneurship
capital
labor
alternatives
land
entrepreneurship
capital
answer explanation
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Question 39
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Q.
This factor involves money, equipment, and tools and any items to produce goods and services?
answer choices
capital
entrepreneur
land
labor
<p>capital</p>
alternatives
<p>entrepreneur</p>
<p>land</p>
<p>labor</p>
answer explanation
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Question 40
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Q.
Steve Jobs the founder of Apple is holding up an I-phone. What is another name for someone who starts a business?
answer choices
capital
entrepreneur
land
labor
<p>capital</p>
alternatives
<p>entrepreneur</p>
<p>land</p>
<p>labor</p>
answer explanation
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Question 41
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Q.
_______________ IS KNOWN AS THE MANMADE RESOURCES USED TO PRODUCE GOODS AND SERVICES.
answer choices
Entrepreneurs
Capital
Labor
Land
<p>Entrepreneurs </p>
alternatives
<p>Capital</p>
<p>Labor</p>
<p>Land</p>
answer explanation
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Question 42
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Q.
AN ENTREPRENEUR IS A PERSON WHO _______________.
answer choices
owns their own business
uses goods and services to produce labor, land, and capital.
use land, labor, and capital to produce good and services.
loves nature and runs a business
<p>owns their own business</p>
alternatives
<p>uses goods and services to produce labor, land, and capital.</p>
<p>use land, labor, and capital to produce good and services. </p>
<p>loves nature and runs a business</p>
answer explanation
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