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Duplicate of Economics Basics Flashcards | StudBud
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Duplicate of Economics Basics
Duplicate of Economics Basics
10 terms
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StudBud Administration
Economics terms #basic econ
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which is not a factor of production?
capital
labour
producer
land
2
Workers are:
Human resources
Goods
Natural Resources
Capital resources
3
An object that you can buy.
good
producer
consumer
service
4
Equipment and tools
product resouces
capital resources
human resources
animal resources
5
When there is not enough of something to go around.
producer
choice
opportunty cost
scarcity
6
People who buy goods and services.
Producers
Bosses
Chefs
Consumers
7
Trees, water, air, land...
capital resources
working resources
human resources
natural resources
8
When you pay someone to do something for you.
product
service
budget
goods
9
A person who makes products.
servant
producer
shopper
consumer
10
Making products in a factory.
manufacturing
collecting
minting
consuming
