Chapter 7 Factors of Production
Worksheet – Chapter 7 Factors of Production Section A: Multiple Choice Questions (MCQs) Factors of production are: a) Finished products b) Inputs used to produce goods and services c) Government rules d) Transport systems Which factor includes natural resources? a) Labour b) Capital c) Land d) Entrepreneurship Human effort used in production is called: a) Capital b) Labour c) Technology d) Land Machines and tools are examples of: a) Labour b) Entrepreneurship c) Capital d) Land The person who organizes all factors of production is: a) Labourer b) Teacher c) Entrepreneur d) Farmer Which of these is an example of technology? a) Forest b) Tractor c) Soil d) River Which type of production uses more machines? a) Labour-intensive b) Capital-intensive c) Traditional production d) Manual production Human capital is improved by: a) Pollution b) Education and training c) Deforestation d) Overuse of resources UPI is an example of: a) Land b) Capital c) Technology d) Labour During COVID-19 ma...