This quiz works best with JavaScript enabled. Home > Resources > Productive > Productive Resources – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Productive Resources Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Mr. Green is opening a new bakery. He has purchased an industrial oven which can accommodate twenty loaves of bread at a time. This oven represents which factor of production? A) Capital. B) Entrepreneurship. C) Labor. D) Land. Show Answer Correct Answer: A) Capital. 2. SSEF1b At your job at Burger Queen, you work the cash register on Monday, and the fr ench fry frier on Tuesday. This equipment at Burger Queen is called A) Human Capital. B) Physical Capital. C) Land. D) Labor. Show Answer Correct Answer: B) Physical Capital. 3. Which is an example of a capital resource? A) Metal tools. B) Low-cost labor. C) An abundance of coal. D) A clean water supply. Show Answer Correct Answer: A) Metal tools. 4. Which one is NOT a Human Resource? A) Police Officer. B) Baker. C) Teacher. D) Mail Truck. Show Answer Correct Answer: D) Mail Truck. 5. As one of the factors of production/productive resources, capital can be defined as A) The goods and services a business produces. B) The supply of labor needed to produce goods. C) The people that purchase goods and services. D) The equipment and factories needed to produce goods. Show Answer Correct Answer: D) The equipment and factories needed to produce goods. 6. A country provided an incentive to companies that created new factories or updated their existing factories. What factor of production did the country invest in? A) Capital Goods. B) Human Capital. C) Natural Resources. D) Entrepreneurship. Show Answer Correct Answer: A) Capital Goods. 7. Before the opening of his sporting goods store, Mr. Stevens researches the types of sports equipment most likely to sell in his area. The knowledge gained in this research is BEST classified an example of A) Labor. B) Human capital. C) Physical capital. D) Allocation of resources. Show Answer Correct Answer: B) Human capital. 8. Which item is not a capital resource a teacher would use? A) Computer. B) Desk. C) Paper. D) Lawnmower. Show Answer Correct Answer: D) Lawnmower. 9. Which example of productive resources is matched correctly? A) Land and surgeon. B) Capital and oil rig. C) Labor and telephone wire. D) Entrepreneurship and rice field. Show Answer Correct Answer: B) Capital and oil rig. 10. The capital resources, human resources, and natural resources an entrepreneur needs to start a business are all called ..... A) Essential resources. B) Productive resources. C) Ohio resources. D) Important resources. Show Answer Correct Answer: B) Productive resources. 11. A person who risks their own money to start a business is called a(n) A) Entrepreneur. B) Capital Resource. C) Human Resource. D) Natural Resource. Show Answer Correct Answer: A) Entrepreneur. 12. The following items (accountant's computer, carpenter's drill, and a tailor's sewing machine) are all examples of which productive resource? A) Human capital. B) Entrepreneurship. C) Natural resources. D) Capital goods. Show Answer Correct Answer: D) Capital goods. 13. Capital resources include all but one of the examples below ..... A) Buildings. B) Water. C) Machines. D) Tools. Show Answer Correct Answer: B) Water. 14. Which of these BEST describes an investment in human capital? A) Improving access to public libraries. B) Expanding free-trade agreements. C) Limiting on-the-job training. D) Decreasing sales taxes. Show Answer Correct Answer: A) Improving access to public libraries. 15. What is a natural resource? A) Things we need to survice. B) Materials found in nature that are useful or necessary to life. C) Materials that are man made. D) The people who work for a business. Show Answer Correct Answer: B) Materials found in nature that are useful or necessary to life. 16. Which is a human resource a restaurant owner may need? A) Waiter. B) Food. C) Dishes. D) Cash register. Show Answer Correct Answer: A) Waiter. 17. The BEST explanation of why there will always be scarcity is because A) People and their tools are inefficient. B) Natural disasters create frequent shortages. C) Governments create scarcity to keep people wanting more. D) While peoples' wants are unlimited, resources are limited. Show Answer Correct Answer: D) While peoples' wants are unlimited, resources are limited. 18. What are Productive Resources? A) Resources to produce goods and services. B) Community workers. C) Corporation. D) Recycling. Show Answer Correct Answer: A) Resources to produce goods and services. 19. Bart has decided to buy some water balloons rather than get an extra milk at lunch. Choosing among economic alternatives is referred to as A) Scarcity. B) A trade-off. C) Interdependence. D) Labor allocation. Show Answer Correct Answer: B) A trade-off. 20. Which resources are man-made? A) Natural. B) Human. C) Capital. D) Land. Show Answer Correct Answer: C) Capital. ← PreviousNext →Related QuizzesResources QuizzesProductive Resources Quiz 1Productive Resources Quiz 2Productive Resources Quiz 4 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books