Have an account?
Skip to Content
Build your own quiz
10 questions
Show Answers
See Preview
- 1. Multiple Choice
What are levels of production?
Primary Production
Producing at the secondary level
The amount of goods produced
- 2. Multiple Choice
Producing only enough to meet the basic needs of the family is called?
Domestic Production
Subsistence Production
Surplus Production
- 3. Multiple Choice
This level of production allows a country to earn foreign exchange from the selling of its products.
Subsistence Production
Domestic Production
Surplus/Export Production
- 4. Multiple Choice
Selling goods at your local market is which level of production?
Domestic Production
Export/Surplus Production
Subsistence Production
- 5. Multiple Choice
This picture BEST shows which level of production?
Domestic Level
Subsistence Level
Surplus/Export Level
- 6. Multiple Choice
If Jamaica is able to produce enough goods to satisfy the needs of persons in the country, Jamaica is practicing which level of production?
Domestic Production
Export Production
Subsistence Production
- 7. Multiple Choice
When China sells its products to other countries, this is which level of production?
Subsistence Level of Production
Domestic Level of Production
Surplus/Export Level of Production
- 8. Multiple Choice
What are the factors of production?
Land, labour, capital and entrepreneur?
Land, capital, building, production
Plant, farming, labour and entrepreneur
entrepreneur, labour, land and bulding
- 9. Multiple Choice
What is Capital
Production equipment
is the assets that the business owns to aid in the production process
All loans and grants to start the business
all that the business needs to be a success
- 10. Multiple Choice
Who is an Entrepreneur?
A person who helps in the production of goods and services
a person who undertakes the risk of starting a new business venture bearing most of the risks and enjoying most of the rewards.
A person who goes after other peoples dreams by creating goods and or services.
A source to create ideas
- Answer choicesTagsAnswer choicesTags