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Europe's Factors of Economic Growth (Productive Resources) Part 1 Flashcards | StudBud
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Europe's Factors of Economic Growth (Productive Resources) Part 1
Europe's Factors of Economic Growth (Productive Resources) Part 1
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1
Investments in natural resources, capital goods, & human capital, make economies strong & earn high standards of living.
False
True
2
Which is NOT an example of a capital good?
machinery (oven)
cashier (Mrs. Kelly)
tools (measuring spoons)
technology (cash register)
building (bakery shop)
factories (bakery kitchen)
3
Productive resources are used to create goods and services. There are 4 kinds. Which of the following is NOT?
capital goods
human capital
embargo
entrepreneurship
natural resources
4
Which of the following describes skilled workers needed to make a business work?
capital goods
GDP per capita
natural resources
human capital
5
Taking a country's GDP and dividing it by its population to see its measurement per person is...
GDP (Gross Domestic Product)
Human Capital
GDP per capita
Literacy Rate
6
Which of the following is a man-made material needed to produce goods and services?
human capital
GDP (Gross Domestic Product)
natural resources
capital goods
7
Which is NOT an example of a natural resource?
minerals (coal)
water (fish)
forest (timber)
land (crops)
industries (factories)
8
Which of the following is NOT an example of human capital?
laptop computer
factory workers
doctors
teachers
9
The health of a country's economy. It's a yearly report card that shows its total value of all goods and services.
Natural Resources
Capital Goods
GDP per capita
GDP (Gross Domestic product)
10
A country that has a high GDP and high GDP per capita has...
a weak economy.
a strong economy.
11
What are resources that come from nature called?
capital goods
human capital
literacy rate
natural resources