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Free Exam: Unit VII RCQ1: 349-357

Number of Questions in Test: 10
Number of Questions in Preview: 5
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Question 1

The factors of production are the resources people have for producing goods and services. Which of the following is NOT a factor of production?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

Capital is anything produced in an economy that is used to produce other goods and services. All of the following are examples of capital EXCEPT-

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

The definition of production is --

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

Consumption is --

Type: Multiple choice
Points: 1
Randomize answers: No

Question 5

The process of of satisfying wants are like links in a chain of activities. This is known as a --

Type: Multiple choice
Points: 1
Randomize answers: No

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