SSEF1 Check for Understanding Flashcards

1

As one of the factors of production/productive resources, physical capital can be defined as

2

What occurs when an individual pays for a piano lesson instead of going to a movie?

3

An opportunity cost is: SSEF1d DOK1

4

A ditch digger, computer programmer, and an international financier are examples of:

5

Which of these BEST represents physical capital investment for a company?

6

Land, labor, capital, and entrepreneurship are the: SSEF1b DOK1

7

Which of these terms is the BEST synonym for the word "entrepreneur"?

8

The condition that exists when unlimited wants exceed limited productive resources is called

SSEF1 Check for Understanding