B#4 Factors of Production

Benchmark 4-B:

analyze and evaluate how economic systems impact the way individuals, households, businesses, governments and societies make decisions about resources and the production and distribution of goods and services:

#4 Standards with Test Item Specifications:

Analyze the importance of, and issues related to the location and management of the factors of production;

Sample Question:

How can the implementation of an assembly line increase productivity of factory workers?

A. It offers an opportunity to diversify worker skills.

B. It often leads to workers putting in overtime hours.

C. It allows a worker to focus on a specific task.*

D. It requires a worker to obtain a wide range of knowledge

Productivity and Growth: Crash Course Economics #6

Factors of Production (Resources)

Factors affecting supply | Supply, demand, and market equilibrium | Microeconomics | Khan Academy