stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Flashcards | StudBud
Explore
/
Economics
Economics
25 terms
·
StudBud Administration
·
75 plays
For Social Studies
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
Which isn't a capital resource
Saw
Hammer
Nails
Sun
2
What is demand?
Quantity
The want
The pay
3
What is not a secondary source
textbook
history book
dairy from that time
the news
4
True or False? Pens, Pencils, Shoes, PS4, and X-boxes are all Services?
False
True
5
Which of these is a capital resource?
Instruments
Government
Roads
Desk
6
What is it called when a business brings a product into the country
export
import
7
Other countries rely on the U.S. for what?
food and natural resources
Computers and other products
oil and industrial goods
8
If the supply of an item goes down the price goes...
Stays the same
Down
Up
9
Are light bulbs a natural resources or capital resource
Capital
Natural
10
What is supply?
The income
how much of a product people want
The amount of money you are spending
The quanity
11
What is commodity?
A item that is bought and sold.
A item that is made.
A item that is sold.
A item that is bought.
12
Are trash men goods or services
Goods?
Services?
13
What is a Entrepreneur?
A person that buys an item.
A person that takes risk to produce an item.
A person that takes no risk to make an item.
14
There are 4 fundamental economic
True
False
15
Which of these are renewable resources?
Water
Sunlight
Wind
oil
16
The Gross Domestic Product (GDP) means...
The average age in that country.
How populated the country is.
How educated the average person is in each country.
How much money the average person make a year.
17
Labor means...
That you work very hard.
The work that people do to make a good or provide a service.
A test to see how many skills you have.
18
The producer is the person who buys the product
True
False
19
Which of these is not one of the 3 fundamental economic questions?
What should be produced?
When should the product be produced?
How should it be produced?
Who gets what is produced?
20
Economist study...
Materials founded in nature.
How goods and services are consumed.
How we use our natural resources.
What we use the soil for.
21
In the Free Enterprise System, people own their own goods and services.
False
True
22
What is the difference between a good and service?
They both are a product
They both are work that you do.
Goods-Work that you do Services-A product
Goods-A product Services-Work that you do
23
Which one is a nonrenewable resource
Sunlight
Water
Natural Gas
Wind
24
Technology and humans are both good examples of a...
Resource
Good
Service
25
Which of these is a human source?
Doctors
School
Sports Players
Coaches
