This quiz works best with JavaScript enabled. Home > Economics > Resources > Productive > Productive Resources – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Productive Resources Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Man-made tools and machines used to do a job are called A) Capital Resource. B) Entrepreneur. C) Human Resource. D) Natural Resource. Show Answer Correct Answer: A) Capital Resource. 2. The term "productive resources" or "factors of production" means: A) The resources of the government. B) Things or skills needed to produce goods or services. C) How society creates jobs. D) Output vs. input used at a manufacturing facility. Show Answer Correct Answer: B) Things or skills needed to produce goods or services. 3. Name one Natural Resource A) Phone. B) Car. C) House. D) Water. Show Answer Correct Answer: D) Water. 4. Resources are ..... A) The things available by nature. B) The things we use to make goods and services. C) The materials made by people. D) None of above. Show Answer Correct Answer: B) The things we use to make goods and services. 5. Which of these is an example of "entrepreneurship" ? A) Hank Aaron hit his 715th home run in 1974. B) Steve Jobs created Apple Computers in 1976. C) Bill Clinton became President of the Unites States in 1993. D) Michael Jordan joined the National Basketball Association in 1984. Show Answer Correct Answer: B) Steve Jobs created Apple Computers in 1976. 6. Iron, minerals, coal and plants are examples of which productive resource? A) Capital goods. B) Human capital. C) Entrepreneurship. D) Natural resources. Show Answer Correct Answer: D) Natural resources. 7. Please identify the natural resource. A) Flash light. B) Sunlight. C) Lamp. D) Light bulb. Show Answer Correct Answer: B) Sunlight. 8. What are examples of capital resources? A) Factory workers. B) Steel. C) Wood. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. A person who starts their own business to provide jobs. A) Capital Resource. B) Natural Resource. C) Entrepreneur. D) Human Resource. Show Answer Correct Answer: C) Entrepreneur. 10. Which of these would be an opportunity cost of going to college? A) The cost of housing and food. B) The cost of books and tuition. C) The degree and the money you will earn. D) The money you could have earned at a job. Show Answer Correct Answer: D) The money you could have earned at a job. 11. Name the 3 Productive Resources A) Human, Economy, Financial. B) Natural, Human, Capital. C) Capital, Community, Natural. D) Natural, Global, Environment. Show Answer Correct Answer: B) Natural, Human, Capital. 12. Name one Human Resource A) Tractor. B) Doctor. C) Gold. D) Pen. Show Answer Correct Answer: B) Doctor. 13. This type of resource is found in nature and is not man-made. A) Entrepreneur. B) Human Resource. C) Capital Resource. D) Natural Resource. Show Answer Correct Answer: D) Natural Resource. 14. A garbage truck driver is an example of which productive resource? A) Capital goods. B) Natural resource. C) Entrepreneurship. D) Human resource. Show Answer Correct Answer: D) Human resource. 15. If a country invests in Human Capital, what will happen to the GDP? A) It will not change. B) It will decrease. C) It will increase. D) It will increase for a short period and then decrease. Show Answer Correct Answer: C) It will increase. 16. Which of these is not a natural resource? A) Pool. B) Lake. C) Ocean. D) Stream. Show Answer Correct Answer: A) Pool. 17. The gifts of nature that go into the production of a good or service: A) Physical capital. B) Human resources. C) Natural resources. D) Entrepreneurship. Show Answer Correct Answer: C) Natural resources. 18. How many types of productive resources are there? A) 2. B) 10. C) 1. D) 4. Show Answer Correct Answer: D) 4. 19. Which is an example of a natural resource A) Computer. B) Plastic. C) Car. D) Water. Show Answer Correct Answer: D) Water. 20. What is a risk an entrepreneur takes in running a business? A) Losing the money invested in starting the business. B) Going bankrupt [losing everything]. C) Not having a steady job/paycheck. D) All of these are risks!. Show Answer Correct Answer: D) All of these are risks!. 21. How are capital resources used? A) They take too much work. B) They are not used by everyone. C) They are only used for capital cities. D) They are used to create another good or service. Show Answer Correct Answer: D) They are used to create another good or service. 22. The human effort involved in the production of goods and services is known as: A) Human capital. B) Entrepreneurship. C) Natural resources. D) Physical capital. Show Answer Correct Answer: A) Human capital. 23. The innovative spirit that allows an individual to take risks to start a new business or create a new product by combining the factors of production: A) Entrepreneurship. B) Capital. C) Land. D) Labor. Show Answer Correct Answer: A) Entrepreneurship. 24. Which of these items is not a natural resource? A) Tractor. B) Animals. C) Plants. D) Minerals. Show Answer Correct Answer: A) Tractor. 25. Chasity goes to get a loan for her business, she is seeking this factor of production: A) Physical Capital. B) Human Capital. C) Amortized Capital. D) Financial Capital. Show Answer Correct Answer: D) Financial Capital. 26. Which of these is NOT a productive resource? A) Capital. B) Entrepreneurship. C) Price. D) Labor. Show Answer Correct Answer: C) Price. 27. What are examples of natural resources? A) Water. B) Trees. C) Soil. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. Which one is NOT a Capital Resource? A) Saw. B) Rocks. C) Factory Building. D) Oil Drill. Show Answer Correct Answer: B) Rocks. 29. What is the BEST example of a scarce resource found in more developed countries? A) Time. B) Education. C) Infrastructure. D) Water. Show Answer Correct Answer: A) Time. 30. SSEF1b A risk taker in search of profits is called an: A) Entrepreneur. B) Businessman. C) Questionable individual. D) Financial investor. Show Answer Correct Answer: A) Entrepreneur. Next →Related QuizzesResources QuizzesEconomics QuizzesProductive Resources Quiz 2Productive Resources Quiz 3 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books