Year 11 Exam > Year 11 Tests > Test: The Factors of Production - Year 11 MCQ
Test: The Factors of Production - Year 11 MCQ
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10 Questions MCQ Test - Test: The Factors of Production
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Test: The Factors of Production - Question 1
What are the primary factors of production in economics?
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Test: The Factors of Production - Question 2
Which factor of production refers to the physical and natural resources used in production?
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Test: The Factors of Production - Question 3
What is the reward for entrepreneurship in the factors of production?
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Test: The Factors of Production - Question 4
How does technological advancement affect the factors of production?
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Test: The Factors of Production - Question 5
Which factor of production includes human effort, skills, and knowledge applied to the production process?
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Test: The Factors of Production - Question 6
In economics, what is the term for the financial reward for the use of capital in production?
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Test: The Factors of Production - Question 7
How does a change in the availability of raw materials impact production?
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Test: The Factors of Production - Question 8
What economic concept refers to the payment made for the use of land and other natural resources?
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Test: The Factors of Production - Question 9
Which factor of production involves the creation and organization of business ventures?
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Test: The Factors of Production - Question 10
How do changes in government policies impact the factors of production?
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