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Producer/Consumer Review Flashcards | StudBud
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Producer/Consumer Review
Producer/Consumer Review
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Flashcards
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Questions
17
Answers
1
________ is when people depend on each other for production due to specialization.
interdependence
choice
demand
goods
2
What are the four factors of production?
Labor, goods, cost, capital
producer, consumer, land, labor
wants, needs, land, capital
Labor, land, capital, entreprenr
3
Which activity is a an example of a service?
nail polish
corn on the cob
buying candy
getting a hair cut
4
Choose the consumer out of the following choices.
Mrs. Palsgrove
a cookie
Autumn in the lunch line
Buckeye Brutus
5
What factor of production represents workers, skills and training?
land resources
labor
capital
6
Payment for land, capital and entrepreneurial resources is _____.
expense
consumer
cost of production
profit
7
Choose the term that does not belong.
Entrepreneurship
Labor
Land
Cost
8
A farmer grows corn.He needs to buy the seeds to grow it Then he sells it. What's the farmer?
both
Consumer
Producer
9
Timmy got some Nike shoes- all of his friends have Nike's. What influenced him to buy them?
popularity
purpose
brand name
quality
10
What does "Labor" mean?
money, tools
resources used to make it
people, talents, skills
11
Interdependence is people, depending on each other for ________ or satisfaction of wants.
production
goods
labor
pizza
12
Which is a natural, land resource?
trees
plastic
tin
13
A person who modifies a game is ____.
neither
both
consumer
producer
14
What would be the best way to sell lawn care services?
Appearance
Brand name
Price
Quality
15
A person who owns a computer repair store is ________.
entrepreneur
producer
consumer
all of the choices
16
What or who determines how many bananas are purchased by Kroger?
Season
Demand
Quality
Price
17
Lizzy bought a pot of flowers that looked pretty. What influenced her decision to buy it?
brand
appearance
popularity
price