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Economics Basics Flashcards | StudBud

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Economics Basics

10 terms·StudBud Administration·14 plays

Economics terms #basic econ

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Questions 10

Answers

1
Workers are:
Goods
Natural Resources
Capital resources
Human resources
2
Trees, water, air, land...
working resources
natural resources
human resources
capital resources
3
Which is not a factor of production?
labour
land
producer
capital
4
Making products in a factory.
collecting
minting
manufacturing
consuming
5
People who buy goods and services.
Consumers
Bosses
Chefs
Producers
6
A person who makes products.
consumer
servant
producer
shopper
7
When there is not enough of something to go around.
producer
opportunty cost
scarcity
choice
8
An object that you can buy.
good
service
consumer
producer
9
Equipment and tools
human resources
product resouces
animal resources
capital resources
10
When you pay someone to do something for you.
goods
budget
product
service