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Economy Review Flashcards | StudBud
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Economy Review
Economy Review
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Economics Basics
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
What do you have if your business makes money after paying for its expenses?
services
goods
entrepreneur
profit
2
What is a person who buys goods and services?
entrepreneur
consumer
profit
producer
3
An action that people pay for is a(an)________________
goods
consumer
service
producer
4
____________ are things that people want and can touch or hold.
entrepeneur
profit
goods
services
5
What type of resource is a hammer an example of?
capital good
human resource
consumer
natural resource
6
Someone who makes goods and services is a (an)______________.
entrepreneur
consumer
producer
human resource
7
What type of resources are found in the ground?
conumer
human resources
natural resources
capital goods
8
A teacher is an example of what type of resource.
human resource
capital goods
natural resource
entrepreneur
9
A business owner is a (an) __________.
natural resource
producer
entrepreneur
consumer
