BBI Unit 1 Review Quiz 2

Capital resources are:

The three kinds of economic resources are:

Natural resources:

As price ↑ supply 

The quantity of a good or service that consumers are willing to buy at a particular price is:

Economic resources are:

Debt Financing is:

This is what a typical Supply and demand curve looks like:

Two or more companies join together

The point where the supply and demand curve meet is called:

Sole Proprietorship, Corporation, Partnership, and Co-operativesare:

Matches the skills of two individuals or business for mutual benefit (one in each country)

If prices ↓ consumers buy more so demand:

When debts are limited to the assets of a company owners have:

Relocating some of a company’s operations to another country is called

Quantity of a good or service that businesses are willing to provide within a range of prices.