Economics Multiple Choice Question – 12 July 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics

Which of the following is an example of capital as a factor of production?

Select ONE answer:

  1. the airspace above an airport used by airlines
  2. cars used by a taxi firm in a city
  3. money used to set up a steel producing firm
  4. shares sold by an expanding insurance firm

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

  1. This is an example of land.
  2. Correct: cars are a human-made good used to produce a service.
  3. This is not a factor of production.
  4. This is also not a factor of production.

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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