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Economics 1st Nine Weeks Test Review Flashcards | StudBud
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Economics 1st Nine Weeks Test Review
Economics 1st Nine Weeks Test Review
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1
A person who draws on his/her skill and initiative to launch a new business is a/an
producer
technician
entrepreneur
assembly worker
2
What kind of resource is a barber's scissors?
capital
natural
human
entrepreneurship
3
Which is NOT a question every society must answer?
What to produce?
How to produce?
For whom to produce?
How much does the good cost?
4
A cashier at Wal-Mart is a/an
entrepreneurship resource
natural resource
human resource
capital resource
5
The need to make a choice arises because
people need to share their resources
everything that exists is limited
some things are not limited
resources are not free
6
Types of resources consist of
human
All of the above are types of resources
natural
capital
7
The study of how businesses, individuals, and societies used limited resources is
economics
resources
wants
needs
8
What type of resource is a truck driver?
natural
capital
human
entreneurship
9
Consuming an extra good or service is considered to be a
opportunity cost
scarcity
marginal benefit
marginal cost
10
A dump truck at a construction sige is an example of a
human resource
entrepreneurship resource
capital resource
natural resource
11
Resources that are made and used to produce and distribute goods and services are
natural resources
capital resources
factors of production
human resources
12
What factor results in never being able to satisfy all of our wants and needs?
turmoil in other countries
factors of production
uncertainty
scarcity
13
What is not necessary for survival?
want
economics
resource
need
14
What is something that is necessary for survival?
want
resource
need
entrepreneurship
15
Kids deciding to set up a lemonade stand is an example of a/an
natural resource
capital resource
entrepreneurship resource
human resource
16
Viruses, worms, and Trojan horses are all examples of
pets that can be seen in a zoo
malware
spyware
filters
17
Heated online arguments that occur in posts and chats are known as
flame wars
cyber-yell
clickjacking
ham catting
18
Which of the following would you NOT use to verify the security of a website?
checking the cache for encryption
looking for the "lock" security symbol
making sure the address begins with https
checking the SSL certificate
19
What type of resource is a computer used in an office?
human
captial
natural
entrepreneurship
20
Catfish in the Arkansas River is an example of a/an
human resource
natural resource
entrepreneurship resource
capital resource