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Gr. 11 Natural resources as factors of production Flashcards | StudBud
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Gr. 11 Natural resources as factors of production
Gr. 11 Natural resources as factors of production
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StudBud Administration
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2 plays
Gr.11 Economics
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
Entrepreneurship is the person who takes the initiative to start the ...
Play group
Economic activity
Business
Man-made resources
2
Gold, will be found in which province?
Eastern Cape
Northern Cape
Western Cape
Gauteng
3
Economic goods are not controlled by human beings.
False
True
4
Labour is all human effort provided by people to earn...
Rent
Wages
Remuneration
Salaries
5
The possession and use of economic goods indicate wealth and prosperity.
False
True
6
Natural resources are important to serve as inputs for the ..... of goods and services.
Mining
Mineral resources
Production
Surplus
7
Natural resources needs to... to make them useful.
Unlimited
Export
Transformed
Changed
8
Free goods is freely available quantities for example, sea and ...
Coal
Petrol
Sand
Sunlight
9
International trade refers to export and import.
False
True
10
The biggest economic problem is...
Capital
Entrepreneurship
Labour
Scarcity