Social Studies

12th

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Factors of Production

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15 questions

  • 1. Multiple Choice
    30 seconds
    1 pt

    Land includes...

    The "gifts of nature" or natural resources not created by human effort.

    the tools, equipment, and factories used in production of goods and services

    people with all their efforts and abilities

    individuals who start a new business or bring a product to market.

  • 2. Multiple Choice
    30 seconds
    1 pt

    Capital refers to...

    The "gifts of nature" or natural resources not created by human effort.

    people with all their efforts and abilities

    the tools, equipment, and factories used in production of goods and services

    individuals who start a new business or bring a product to market.

  • 3. Multiple Choice
    30 seconds
    1 pt

    Labor refers to...

    people with all their efforts and abilities

    individuals who start a new business or bring a product to market.

    the tools, equipment, and factories used in production of goods and services.

    The "gifts of nature" or natural resources not created by human effort.

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