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Economic Resources Flashcards | StudBud
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Economic Resources
Economic Resources
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Flashcards
20 cards
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Questions
20
Answers
1
Anything that is NOT man-made that you use to start or have a business.
Human Resources
Capital
Entrepreneurship
Natural Resources
2
One person who is the owner, takes all the risks, runs the business the way he/she wants to.
Entrepreneur
Governor
Factory Worker
Human Resource
3
What type of resource is this?
Human
Entrepreneurship
Natural
Capital
4
What type of resource is this?
Natural
Human
Capital
Entrepreneurship
5
You can only be a Producer or a Consumer.
True
False
6
What is a Consumer?
Person who purchases or uses a good or service
person who provides a good or service
7
The factors that are used in the production of goods and services.
Entrepreneur
Competition
Corporation
Resources
8
Jane wakes up every morning to open her bakery shop and make bread to sell. Is Jane a producer or a consumer?
Consumer
Producer
9
Anything items that are used to run your business. (Electronics, Tools, Trucks, etc.)
Human Resources
Entrepreneurship
Natural Resources
Capital
10
Nick is washing Mike's car. Is Nick a producer or a consumer?
Consumer
Producer
11
What type of resource is this?
Natural
Entrepreneurship
Human
Capital
12
Sam is a police officer who keeps our city safe. Is Sam a producer or consumer?
Producer
Consumer
13
What type of resource is this?
Natural
Entrepreneurship
Human
Capital
14
People that work for a business.
Capital
Natural Resources
Entrepreneurship
Human Resources
15
How can you be a Producer?
all of the above
start a lemonade stand
make some clothes
plant a garden
16
What type of resource is this?
Capital
Entrepreneurship
Natural
Human
17
What type of resource is this?
Entrepreneurship
Capital
Human
Natural
18
Jessica wants a new barbie. She goes to Wal-Mart and buys it. Is Jessica a producer or a consumer
Producer
Consumer
19
Give an example of HUMAN resources
internet
computer
vehicles
construction workers
20
Definition of Economic Resources?
Resources used to create a good or service
Resources that can be used only once
Goods and services that are desired
Money, Money,Mooonnnneeeeyyyyy
