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Economics 4th Grade Flashcards | StudBud

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Which is an example of a person providing a good?

Why are capital goods important?

Economics 4th Grade

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Economics 4th Grade

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Questions 10

Answers

1
Why are capital goods important?
they allow workers to share their labor
the government can control what is made
allows workers to produce more goods
entrepreneurs do not have to pay for them
2
Which is an example of a person providing a good?
hair stylist
shoe salesman
doctor
teacher
3
Which productive resource are hammers, nails, and shovels an example of?
natural resources
entrepreneurs
capital resources
human resources
4
Which is an example of a natural resource?
automobile
camera
coal
television
5
Which is a true statement of an entrepreneur?
a person who can get fired by a boss
a person who applies for a job
a person who is willing to take a risk
a hired employee
6
Which person helps provide a good?
waiter
farmer
painter
nurse
7
Which is a person who invests money to open up her own coffee shop to make a profit?
a waitress
an entrepreneur
a factory worker
a school board member
8
Iron, aluminum, and rubber are examples of what productive resource in making cars?
capital goods
natural resources
human resources
entrepreneurship
9
Which is the definition for a productive resource?
how people spend their money
what we use to make goods & services
how the government collects money
what kind of jobs a region has
10
Which is an example of an entrepreneur?
a secretary working in an office
a teacher at a school
a worker at a grocery store
on owner of a hardware store