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FACTORS OF ECONOMIC GROWTH Flashcards | StudBud
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FACTORS OF ECONOMIC GROWTH
FACTORS OF ECONOMIC GROWTH
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SS6G9: ENTREPRENEURSHIP, HUMAN CAPITAL, CAPITAL GOODS, NATURAL RESOURCES
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Questions
14
Answers
1
Entrepreneurs bring together capital goods, human capital, & natural resources.
True
False
2
Tools, equipment, factories, technology, computers, lumber, machinery, etc are examples of ____
capital goods
natural resources
human capital
entrepreneurship
3
Land, water, sun, plants, time, air, minerals, oil, etc. are examples of ____________
natural resources
entrepreneurship
human capital
capital goods
4
________________ is defined as the percentage of a population over 15 that can read and write.
Standard of Living
Natural Resources
Gross Domestic Product
Literacy Rate
5
The more of the 4 factors of economic growth a nation has, the lower its Gross Domestic Product
True
False
6
Human capital, capital goods, entrepreneurship, and natural resources are
factors of economic growth
only exist in communist nations
hurt the value of the euro in the EU
7
People who provide the money to start and operate a business are called _________.
financial consultants
entrepreneurs.
autocratic dictators
operators
8
All things found in nature. "Gifts of nature"
capital goods
human capital
entrepreneurship
natural resources
9
Computer/reading/writing/math skills, talents in music/sports/acting are examples of __________
capital goods
human capital
natural resources
entrepreneurship
10
_________ is the total value of all goods and services in a nation in a given year.
Quotas
Fiscal Year Spending
Currency
Gross Domestic Product
11
All of the goods that are produced in the country and then used to make other goods & services.
entrepreneurship
human capital
capital goods
natural resources
12
The more of the 4 factors of economic growth a nation has, the lower its Gross Domestic Product
False
True
13
When a country does not produce enough natural resources, they will have to _______ them.
find a way to growth
import
export
steal
14
The skills, talents, education, and training that human workers have are known as __________
human capital
natural resources
capital goods
entrepreneurship
