Test: Economics - Turning Resources into Products (economics)


Economics - Turning Resources into ProductsVersión en línea Economics - Turning Resources into Products por Vijo Gor 1 What is production? a Buying things from a store b Using resources to make other things from them. c Selling products to other people d Finding new resources 2 What is the first step in production? a Finding tools b Doing manual work c Having an idea of what to make d Buying resources 3 What is the second step in production? a Creating the product b Gathering resources like wood, metal, or energy c Selling the product to people d Building tools for production 4 What do economists call the work that goes into production? a Capital b Resources c Labor (UK English: Labour) d Technology 5 What is included in labor? a Only manual work (work by hands, like putting something together) b Only mental work (work with your mind, like planning) c Both manual and mental work d 6 What do economists call the tools and machines used in production? a Resources b Capital c Labor d Technology 7 What is technology in production? Choose one or more answers a The knowledge and process of using tools to make things (often also refers to the tools themselves). b A way to sell products online c How resources are gathered d Only the use of computers 8 What is efficiency? a Making less of something using more effort b Doing or making the same or more with less effort, time, and/or resources c Doing things faster, even if it takes more resources d Using the most effort possible to complete a task 9 What makes production more efficient? a Using more people b Having better ideas, tools, or technology c Taking more time to finish work d Making things without tools 10 What are the four main parts of production? a Money, effort, tools, and technology b Idea, resources, labor, and capital c Time, energy, technology, and leadership d Resources, leadership, tools, and teamwork Feedback 1 Production is when we use resources to create something new, like making a chair from wood. 2 Every product starts with an idea—what to make and how to make it. 3 After having an idea, you need to collect the resources needed to create it. 4 Labor is all the work needed to make something, whether it’s physical or mental effort. 5 Labor includes everything that takes time and effort, like thinking up ideas, managing, or physical effort. 6 Capital refers to tools and machines that help people work more efficiently. 7 Technology includes any knowledge and process that helps produce things, from the simple ones like using a knife to using a computer. 9 New tools and smarter processes help us make more things faster and better. 10 Production is made up of an idea, resources, labor (work), and capital (tools and machines).

1

What is production?

a

Buying things from a store

b

Using resources to make other things from them.

c

Selling products to other people

d

Finding new resources

2

What is the first step in production?

a

Finding tools

b

Doing manual work

c

Having an idea of what to make

d

Buying resources

3

What is the second step in production?

a

Creating the product

b

Gathering resources like wood, metal, or energy

c

Selling the product to people

d

Building tools for production

4

What do economists call the work that goes into production?

a

Capital

b

Resources

c

Labor (UK English: Labour)

d

Technology

5

What is included in labor?

a

Only manual work (work by hands, like putting something together)

b

Only mental work (work with your mind, like planning)

c

Both manual and mental work

d

6

What do economists call the tools and machines used in production?

a

Resources

b

Capital

c

Labor

d

Technology

7

What is technology in production?

Choose one or more answers

a

The knowledge and process of using tools to make things (often also refers to the tools themselves).

b

A way to sell products online

c

How resources are gathered

d

Only the use of computers

8

What is efficiency?

a

Making less of something using more effort

b

Doing or making the same or more with less effort, time, and/or resources

c

Doing things faster, even if it takes more resources

d

Using the most effort possible to complete a task

9

What makes production more efficient?

a

Using more people

b

Having better ideas, tools, or technology

c

Taking more time to finish work

d

Making things without tools

10

What are the four main parts of production?

a

Money, effort, tools, and technology

b

Idea, resources, labor, and capital

c

Time, energy, technology, and leadership

d

Resources, leadership, tools, and teamwork

Feedback

1

Production is when we use resources to create something new, like making a chair from wood.

2

Every product starts with an idea—what to make and how to make it.

3

After having an idea, you need to collect the resources needed to create it.

4

Labor is all the work needed to make something, whether it’s physical or mental effort.

5

Labor includes everything that takes time and effort, like thinking up ideas, managing, or physical effort.

6

Capital refers to tools and machines that help people work more efficiently.

7

Technology includes any knowledge and process that helps produce things, from the simple ones like using a knife to using a computer.

9

New tools and smarter processes help us make more things faster and better.

10

Production is made up of an idea, resources, labor (work), and capital (tools and machines).

Economics - Turning Resources into Products

Test

Descarga la versión para jugar en papel

Creada por

Top 10 resultados

Top juegos

Test

Cultura general española

Test

Brawl stars preguntas

Test

cuanto sabes de Futbol

Test

Verbos irregulares en Inglés

Test

Tipos de sintagmas (II)

Economics - Turning Resources into ProductsVersión en línea

por Vijo Gor

What is production?

What is the first step in production?

What is the second step in production?

What do economists call the work that goes into production?

What is included in labor?

What do economists call the tools and machines used in production?

What is technology in production?

Choose one or more answers

What is efficiency?

What makes production more efficient?

What are the four main parts of production?

Feedback