2017 HASS ECO/BUS Revision: Topics 1 and 2

Who do businesses rely on to buy their goods and services?

Which topics do you need to study for your upcoming test?

What can consumers use to purchase goods and services?

________ refer to human skills and efforts to produce goods and services.

What refers to the condition of being mutually reliant on one another?

Consumers rely on businesses to provide them with goods and services.

Producers receive payment for the goods and services when ________ buy these.

Which of the following is an example of a 'want'?

How can we define the term 'service'?

What are businesses?

The word 'economy' is derived from two terms meaning _________ and manage.

Economic resources are also known as _________.

Minerals are examples of the _______ resource.

Which of the following allows producers and consumers to have a working relationship?

When is your humanities test?

A need refers to a good or service which is _________ for survival.

How can the term 'consumers' be defined?

Land is an example of which type of resource?

The term 'economy' is derived from two ______ terms.

Producers are ______ involved in the production of goods and services.

Which of the following is an example of a 'capital' resource?

Which of the following refers to factors of production used to produce goods and services?

Consumers provide labour to producers and in exchange receive _______.

Do you need to bring a calculator to sit your humanities test?

Which of the following is an example of a 'good'?

___________ refers to man-made physical goods used to produce other goods and services

Which two sectors make up the simple circular flow of income model?

Which factor of production provides the initial ideas for a business?