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Unit 1 Review Flashcards | StudBud
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Unit 1 Review
Unit 1 Review
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#markets #factorsofproduction
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
The employees of a hospital represent the factor of production known as
Capital
Entrepreneurship
Land
Labor
2
The cars for a traditional dying taxi cab company are examples of
Entrepreneurship
Labor
Capital
Land
3
An employee at Burger King is an example of the factor of production known as ...
Entrepreneurship
Human Capital
Labor
Land
4
Economics is the study of how people with ...
limited wants make decisions based on scarcity
unlimited wants make decisions based on scarcity
unlimited wants make decisions based on abundance
limited wants make decisions based on abundance
5
The collective degrees and training that all the engineers for IBM have is an example of ....
Land
Labor
Human Capital
Entrepreneurship
6
This factor of production combines the other three to start a trucking company for example
Land
Entrepreneurship
Capital
Labor
