Preparation Quiz 2 Grade 9A/B

1. Which of the following is not characteristic for natural resources? *

A. Free gift of nature
B. Immobile
C. Unlimited supply
D. Primary factor of production

2. Which statement about factors production is correct? *

A. A river from which a company draws water is called land
B. Raising finance for company is called capital
C. Supervisors employed in a company are called enterprise
D. The owner of a company is called labour

3. Which of the following is not characteristic for Labour? *

A. Less mobility of labour
B. creates capital
C. Perishable
D. Passive factor of production

4. Which statement about the factors of production is correct? *

A. Capital includes factories and machinery but not roads and ports.
B. Enterprise is more often found in the public sector rather than the private sector.
C. Labour is the factor that takes risks and can become unemployed.
D. Land is the natural factor that can be improved by human action.

5. Which of the following is not characteristic for Capital? *

A. perishable
B. Man made factor
C. Passive factor of production
D. Depreciates

6. Each of the factors of production earns an income. What are the incomes for land and capital?

A. Point A
B. Point
B C. Point
C D. Point D
7. What is not an example of a factor of production in a hairdressing?
A. a haircut
B. a hairdresser
C. a hairdressing shop
D. a hair-drier

8. Reena makes a living by selling paintings of the town in which she lives. She sells them in an open-air market once a
week. In order to be able to sell more pictures in a week she decides to buy a studio, pay someone to help in the
studio and try to increase demand by advertising in the local paper. Which factors of production were changed?
A. capital and enterprise
B. enterprise and labour
C. labour and capital
D. labour only

9. The purpose of Indonesia’s government provide education and training is for improving…?
A. Highly productive land
B. Skilled labour force
C. Highly productive capital
D. Highly productive enterpreneurs

10. Capital can be improved by? *

A. Investments
B. Education
C. Workshop
D. Training

11. 11. Which of the following is NOT a factor of production? *

A the water used to cool a nuclear power plant.
B the wages paid to workers.
C the effort of farmers raising cattle.
D the management skill of a small business owner.

12. . Which of the following is NOT a factor of production?

A. a share of stock issued by a firm.
B. a new computer used by a small business owner.
C. a tractor used by a wheat farmer.
D. the time worked by elementary school teachers.

13. An autoworker is considered ________ and earns ________. *

A labor; wages
B labor; rent
C capital; rent
D entrepreneurship; wages
14. Human resources is_______ *
A machinery that meets or exceeds federal safety standards for use by humans.
B all capital owned by individuals or corporations, but not by governments.
C. the skill and knowledge of workers.
D. all capital owned by individuals, but not by corporations or governments
15. Entrepreneurs do all of the following EXCEPT *
A. bear risk from business decisions.
B. own all the other resources.
C. come up with new ideas about what, how, when and where to produce.
D. organize labor, land, and capital.