ENT Unit 3 Exam

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

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

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

"Decade of Entrepreneurship"

An intangible product that satisfy customers' wants and needs.

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

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

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

Tax incentives for companies to make a move to Georgia.

A teacher and a welder are which factor of production?

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