What are the four types of resources?

Land, capital, labour andentrepreneurship

What are the four types of resources?

Land, capital, labour andentrepreneurship

Limited resources means...

There are not enough resources to satisfy everyone's needs

studbud

Introduction to Economics

15 termsStudBud Administration105 plays

This is a test for the first unit in Economics through English class in the first year of Bachillerato.

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
What are the four types of resources?
Land, capitals, labour and governments
Capital, labour, humans andentrepreneurship
Land, businesses, labour and governments
Land, capital, labour andentrepreneurship
2
What type of economy is Spain?
A market economy
A mixed economy
A command economy
A traditional economy
3
Scarcity always leads to....
Making a decision
Happiness
Money
Making budgets
4
What are the four types of resources?
Capital, labour, humans andentrepreneurship
Land, businesses, labour and governments
Land, capital, labour andentrepreneurship
Land, capitals, labour and governments
5
Limited resources means...
There are enough resources to satisfy everyone's needs
There are too many resources in the world
There are not enough resources in the world
There are not enough resources to satisfy everyone's needs
6
How do you say "put out" a new product on the market?
give
take off
send
launch
7
What type of economy does North Korea have?
A mixed economy
A traditional economy
A market economy
A command economy
8
I would like to ____________ your attention to this point.
draw
make
take
do
9
Another way to say manage problems is...
give problems
have problems
deal with problems
end problems
10
As you feel so ___________ about it, I don't mind choosing it.
scared
strongly
weakly
angry
11
"Stands out" is another way to say...
looks great
stand up
looks terrible
grabs your attention
12
What type of economy do the Inuit people have?
A command economy
A market economy
A mixed economy
A traditional economy
13
What is opportunity cost?
The cost of doing what you like the most
The cost of what you give up
The cost of all the options you don't chose
The cost of doing what you like the least
14
Google ________________ a big profit this year.
did
take
made
make
15
A report is...
like a letter
informal
formal
nuetral

Introduction to Economics Flashcards | StudBud