This quiz works best with JavaScript enabled. Home > Resources > Productive > Productive Resources – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Productive Resources Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How are capital resources used? A) They are used to create another good or service. B) They are not used by everyone. C) They take too much work. D) They are only used for capital cities. Show Answer Correct Answer: A) They are used to create another good or service. 2. The human effort involved in the production of goods and services is known as: A) Physical capital. B) Entrepreneurship. C) Human capital. D) Natural resources. Show Answer Correct Answer: C) Human capital. 3. 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. 4. Which of these items is not a natural resource? A) Minerals. B) Plants. C) Animals. D) Tractor. Show Answer Correct Answer: D) Tractor. 5. Chasity goes to get a loan for her business, she is seeking this factor of production: A) Human Capital. B) Physical Capital. C) Financial Capital. D) Amortized Capital. Show Answer Correct Answer: C) Financial Capital. 6. Which of these is NOT a productive resource? A) Capital. B) Entrepreneurship. C) Labor. D) Price. Show Answer Correct Answer: D) Price. 7. 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. 8. Which one is NOT a Capital Resource? A) Factory Building. B) Rocks. C) Oil Drill. D) Saw. Show Answer Correct Answer: B) Rocks. 9. What is the BEST example of a scarce resource found in more developed countries? A) Time. B) Water. C) Education. D) Infrastructure. Show Answer Correct Answer: A) Time. 10. SSEF1b A risk taker in search of profits is called an: A) Businessman. B) Questionable individual. C) Financial investor. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 11. The three main types of resources we have are ..... A) Human, animals and plants. B) Human, Capital and Natural. C) Land, Water and Air. D) None of above. Show Answer Correct Answer: B) Human, Capital and Natural. 12. Which correctly identifies a NEED as opposed to a want or desire? A) I need a new pair of jeans. B) John really needs a haircut!. C) We all need a certain amount of water. D) Kira needs to call her mom to come get her. Show Answer Correct Answer: C) We all need a certain amount of water. 13. Name one Capital Resource A) Pancakes. B) Tools. C) Teacher. D) Milk. Show Answer Correct Answer: B) Tools. 14. What are examples of human resources? A) Farmers. B) Cashiers. C) Teachers. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Please select the capital resource a police officer may use. A) Water. B) A partner. C) Handcuffs. D) Soil. Show Answer Correct Answer: C) Handcuffs. 16. Any goods used to produce goods and services: A) Human resources. B) Capital goods. C) Natural resources. D) Entrepreneurship. Show Answer Correct Answer: B) Capital goods. 17. Which is NOT a raw material? A) Wood. B) Water. C) Coal. D) Machine. Show Answer Correct Answer: D) Machine. 18. Tools and machines used to do a job. A) Entrepreneur. B) Natural Resource. C) Capital Resource. D) Human Resource. Show Answer Correct Answer: C) Capital Resource. 19. The workers needed to do a job or make something are called A) Natural Resources. B) Capital Resources. C) Human Resources. D) Entrepreneurs. Show Answer Correct Answer: C) Human Resources. 20. The term productive resources (also known as factors of production) means: A) Things or skills needed to produce goods or services. B) How we spend our money. C) The resources of the government. D) How society creates jobs. Show Answer Correct Answer: A) Things or skills needed to produce goods or services. ← PreviousNext →Related QuizzesResources QuizzesProductive Resources Quiz 1Productive Resources Quiz 3Productive Resources Quiz 4 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books