Module 3 Economics Review

Intelligence, imagination, and ability to take the risks represent which factor of production

All the natural physical resources necessary to your product or service are called

encourages people to make the product a part of their daily routine with words like “always”

What is the 11th letter in the alphabet?

Natural resources are which factor of production?

two or more people making business decisions together & sharing responsibility for the business

All the resources necessary to produce goods and services

a type of corporation that protects personal assets is called 

I am thinking of a number between 10 - 44 ... what number am I thinking of 

a graph representing production tradeoffs of an economy given fixed resources is called a

encourages use of products that are popular or will improve social status

The practice in which the lowest price gets the sale is known as 

factors other than price can effect consumer decisions is known as 

Tools humans create to make a business more efficient are called

A business wherein a single person makes all the decisions and holds all the liability is 

Most Entrepreneurs share the characteristics of  

How old is the celebration of Halloween?

The human work that goes into the business is which factor of production

implies the product will help the user to avoid negative feelings or increase positive feelings

Highlights a negative outcome with or without the product

A type of business wherein your personal assets are protected, but decisions are group made 

revenue gained with the production of one additional unit of a good or service

A practice in which prices are not used to compete 

cost of producing one additional unit of a good or service

How many US States border the Gulf of Mexico