ENT Unit 3 Exam

Coal is an example of which of the following factors of production?

An intangible product that satisfy customers' wants and needs.

When the prices of gas changes there is little to no effect on the demand for gas. This is an example of:

The fact that there aren't enough resources to satisfy all of the wants and needs.

Organized way a nation provides for the needs and wants of its people.

What government agency controls the economy and regulates the nation's money supply?

Entrepreneurial Start-up Process: variables that affect the business but can not be controlled

"Decade of Entrepreneurship"

A teacher and a welder are which factor of production?

If a product is in heavy demand and short supply what will happen to the price of the product?

Tax incentives for companies to make a move to Georgia.