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Basics of Economics Flashcards | StudBud
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Basics of Economics
Basics of Economics
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Flashcards
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Questions
15
Answers
1
Mining causes pollution
False
True
2
a part or portion of a larger amount which is divided among a number of people
Goods
Profit
Share
Service
3
Does mining extract, or take from, the earth or put something back into the earth?
Put Back
Extract
4
to use up; eat, drink, or ingest
Share
Service
Consume
Grow
5
work done for money
Goods
Service
Agriculture
Profit
6
the action of buying and selling goods and services.
Trade
Goods
Service
Share
7
What is made of copper?
Phone Parts
Pipes
Wire
Pots
8
a company or other group that makes, buys and sells goods or services in order to make money.
Economy
Business
Capitalism
Profit
9
the amount of money made by a business that is more than the amount put in at the start or paid out as expenses.
Profit
Economy
Capitalism
Business
10
become larger or greater over a period of time
Trade
Share
Grow
Service
11
An economic system in which land, factories, and other resources are owned by individuals and their businesses.
Capitalism
Business
Economy
Profit
12
Is mining difficult or easy?
Easy
Difficult
13
a wide area of open land often used for growing crops.
Field
Goods
Profit
Agriculture
14
the science and work of raising crops and farm animals; farming.
Agriculture
Goods
Business
Economy
15
a
system
that a group of people or country uses
to produce and exchange the goods and services
that people need
Business
Capitalism
Profit
Economy