Productive Resources Quiz 1 (20 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

Correct Answer: C) Capital Resource.

2. The term "productive resources" or "factors of production" means:

Correct Answer: A) Things or skills needed to produce goods or services.

3. Name one Natural Resource

Correct Answer: C) Water.

4. Resources are .....

Correct Answer: B) The things we use to make goods and services.

5. Which of these is an example of "entrepreneurship" ?

Correct Answer: B) Steve Jobs created Apple Computers in 1976.

6. Iron, minerals, coal and plants are examples of which productive resource?

Correct Answer: B) Natural resources.

7. Please identify the natural resource.

Correct Answer: C) Sunlight.

8. What are examples of capital resources?

Correct Answer: D) All of the above.

9. A person who starts their own business to provide jobs.

Correct Answer: A) Entrepreneur.

10. Which of these would be an opportunity cost of going to college?

Correct Answer: D) The money you could have earned at a job.

11. Name the 3 Productive Resources

Correct Answer: D) Natural, Human, Capital.

12. Name one Human Resource

Correct Answer: B) Doctor.

13. This type of resource is found in nature and is not man-made.

Correct Answer: B) Natural Resource.

14. A garbage truck driver is an example of which productive resource?

Correct Answer: A) Human resource.

15. If a country invests in Human Capital, what will happen to the GDP?

Correct Answer: C) It will increase.

16. Which of these is not a natural resource?

Correct Answer: D) Pool.

17. The gifts of nature that go into the production of a good or service:

Correct Answer: C) Natural resources.

18. How many types of productive resources are there?

Correct Answer: C) 4.

19. Which is an example of a natural resource

Correct Answer: B) Water.

20. What is a risk an entrepreneur takes in running a business?

Correct Answer: D) All of these are risks!.