Business Unit 2

Which job is depression proof?

The type of economy that depends on custom, ritual and tradition is known as what?

North Korea has what type of economy?

Bezos (the man who invented amazon) is what kind of resource?

What is a natural resource?

How many major economy shifts have there been throughout United States history?

A lack of resources is known as

The United States has what type of economy?

GDP stands for Gross Domestic Profile

This is an era known for an information-based economy

What is an example of a natural resource?

Social Responsibility is the duty to do what is best for the good of society

How many stages are there of the business cycle?

If you find a wallet on the ground at a restaurant, what should you do?

Rules based on moral principles about how businesses should be run is known as:

What is the term for when a number of people are able and willing to find work but are unable to during a given period

OSHA is important because it...

This type of economy prioritizes economic freedom, growth and efficiency at the cost of economy equity

Determining how products should be produced is a basic economic questions

There are four factors of production

What does GDP determine?

How many stages are there of the business cycle?

Farming was the most common way of life and consisted of an agricultural based economy

This is a rise in business activity after a recession where people go back to work and businesses do well

Bread costing more in 2021 than in 1947 is due to which concept?

Does the United States have a high standard of living?

The things that are used to produce goods and services (buildings, materials, equipment)

An example of a labor resource is:

The type of economy where the government controls EVERYTHING is known as what?

The industrial revolution occurred during which economic shift?