work that one person does for another

What is a human resource?

the skills and knowledge someone brings to their job

when we buy goods or services from another country

the amount of something consumers are willing to buy

What is a natural resource?

things found in nature that are useful to us

when we send goods or services to another country

What is an entrepreneur?

a person who takes a risk to start a business

What is a capital resource?

resources that people use to make the product. (machines)

the amount producers will make for a certain price

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Economics

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An #economics quiz.

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Questions 26

Answers

1
What is a service?
things that we buy
work that one person does for another
2
Consumers make and sell goods
true
false
3
Not having enough goods is called
scarcity
natural resource
income
demand
4
What is a human resource?
things found in nature that are useful to us
the skills and knowledge someone brings to their job
a person who takes a risk to start a business
resources used to make a product. ( machines )
5
What is an import?
when we buy goods or services from another country
when we send goods or services to another country
6
What is a budget?
what banks pay people
an exchange of goods
a plan for using money
money that people earn for work
7
What is demand?
the amount producers will make for a certain price
the amount of something consumers are willing to buy
8
Nonrenewable sources can be replaced within a short time.
false
true
9
Which of these is an example of a capital resource?
the machine that pumps oil
a person who sells the oil
oil
the person who owns the oil business
10
Renewable resources take a long time to replace.
true
false
11
What is a good?
things that we buy
work that one person does for another
12
What is a natural resource?
resources used to make a product. ( machines )
the skills and knowledge someone brings to their job
a person who takes a risk to start a business
things found in nature that are useful to us
13
Benefits from buying goods and services are.....
what you want to buy
negative results
what you need to buy
positive results
14
In which of these places can people earn interest when saving money?
in a bank
in a piggy bank
in a box buried in the backyard
under the bed
15
What does the word interdependent mean?
depending on each other
depending on yourself
a plan for using money
someone who buys goods
16
What is an export?
when we send goods or services to another country
when we buy goods or services from another country
17
When you put money into a bank account you are....
withdrawing
depositing
none of the above
spending
18
When you take money out of a bank account you are....
withdrawing
depositing
spending
none of the above
19
Producers buy and sell goods.
false
true
20
Which of these is an example of a human resource?
a peach tree
a worker at Chick-Fil-A
a plastic toy
a diamond in the ground
21
What is an entrepreneur?
a person who takes a risk to start a business
the skills and knowledge someone brings to their job
things found in nature that are useful to us
resources used to make a product. ( machines )
22
Which of these is a service?
doctor
a hair stylist
all of the above
pet sitter
23
Which of these is a good?
a dress
all of the above
a pencil
a doll house
24
What is a capital resource?
the skills and knowledge that people bring to jobs
things found in nature that are useful to us
a person who takes risks to start a business
resources that people use to make the product. (machines)
25
Which is an example of a natural resource?
a painting
a bus driver
a car
gold
26
What is supply?
the amount of something consumers are willing to buy
the amount producers will make for a certain price

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