Question 1

What are human-made resources that are used to produce other goods and services called?

Accepted Answer

Capital

Answer

Land

Answer

Labor

Answer

Factors of Production

Question 2

What word refers to work done for other people for a fee?

Accepted Answer

Services

Answer

Shortage

Answer

Goods

Answer

Resources

Question 3

What are the things that people, business, and governments buy called?

Accepted Answer

Goods

Answer

Services

Answer

Shortage

Answer

Resource

Question 4

The main factors of production of goods and services are _______________________.

Accepted Answer

Land, labor, and capital

Answer

Capital, land, and natural resources

Answer

Land, labor, and entrepreneurship

Answer

Human resources, land, and entrepreneurship

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