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Sample Quiz for Doug Flashcards | StudBud
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Sample Quiz for Doug
Sample Quiz for Doug
10 terms
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Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Bartering is the action of
Trading of goods and services without any money exchanged
Selling good and services in a mixed market
Trading products in a command economy
Trading goods in a market
2
Land a Productive Resource
True
False
3
Land, Labour, Capital, Knowledge, Entrepreneurship, and Environment for Enterprise are all Tangible.
True
False
4
Something that has physical property is Intangible.
False
True
5
Land, Labour, Capital, Knowledge, Entrepreneurship, and Environment for Enterprise are all what?
Intangible
Productive Resources
Tangible
Natural Resources
6
Tangible Resources can be
Seen, touched, quantified
Seen, Touched, Quality
Seen, touched, heard
Explained, Heard, Felt
7
Productive Resources are also known as
Products
Buy & Sell
Factors of Production
Goods & Services
8
Which of the following is Intangible?
Land
Labour
Knowledge
Capital
9
What country considers themselves a "Socialist Market Economy"
United States
Canada
Norway
China
10
Which country has elements of a traditional economy
China
Canada
United States
Norway
