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Chapter 2: Lesson 2 Flashcards | StudBud
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Chapter 2: Lesson 2
Chapter 2: Lesson 2
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Flashcards
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Questions
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Answers
1
What does scarcity mean?
The lack of resource.
The ability of people to do work.
Money and goods used to help people or do things.
Making goods and offer services.
2
Demand is the amount of something that a consumer wants to play.
True
False
3
Which one is considered as a major kind of resource?
Technology
Exercise
Food
Students
4
Supply is the amount of a good or service that a producer wants to sell.
True
False
5
The act of running a business and taking on the risks of that business...
Resource
Entrepreneurship
Capital
Labor
6
Resource is the money and goods used to help people or do things.
True
False
7
Money and goods used to help people or do things is...
Capital
Technology
Labor
Entrepreneurship
8
The four major kinds of resources are land, labor, capital , and entrepreneurship.
True
False
9
The ability of people to do work is...
Capital
Labor
Entrepreneurship
Resources
