What are the Four Factors of Production.

Land, Capitol, Labor, Entrepreneurs.

A Worker Who has Gained Skills by Experience and Education.

The knowledge of Production, Use and Transfer of Wealth

studbud

Grade 9 Humanities: Economics

13 termsStudBud Administration124 plays

Charlie and Yujin's Dank Quiz Quiz #Awesome #DankMemes #EconFun #KMS #RobertDowneyJr. #CoolGlasses

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
What are the Four Factors of Production.
Land, Capitol, Labor, Entrepreneurs.
Capitol, Money, Supply, Demand.
Labor, Capitol, Supply, Demand
Land, Capitol, Money, Entrepreneurs.
2
Riddle: When I am 6, my Brother is Half my age. I am Now 35, How Old is He?
32
21
35
17.5
3
Who gains in a voluntary sale?
The seller only
both the buyer and seller but the seller usually makes more
The buyer only
both the buyer and the seller
4
Supply and Demand is the Basic Concept of...
Mixed Economy
Socialist Economy
Communism
Market Economy
5
Trump is Stupid.
No (Only Robbie can choose this one)
Yes
No, he is beyond stupid
No, Absolutely Insane
6
Charlie and Yujin are Cool.
Yes
Who is Charlie and Yujin?
Definitely not
Yes
7
Market based Economic system with limited Government Involvement is called a Mixed Economy.
False
True
Neither
I don't Know
8
Middlemen...
Impede Trade and Hinder Economic Growth
Reduce Transaction Costs
Increases Transaction Costs
Increases the Cost of Goods and Services Without any Benefit
9
Define Human Capitol
Gain in Wealth by a Homosapien
Taxes Collected by a Government
A Homosapien led Government.
A Worker Who has Gained Skills by Experience and Education.
10
What are the Three Basic Economic Questions.
What, Where, Whom.
What, How, Whom.
What, Why, Whom.
How, Whom, When.
11
Goods and Services that are Purchased from other Countries are...
Imports
Exports
Inputs
Goods
12
Define Economics.
The Theory of Supply and Demand
The wealth and Resources of a Country or Region
Individual Rights
The knowledge of Production, Use and Transfer of Wealth
13
When a Country is considered to be in an economic rise...
Supply and Demand are Equal
Supply is High and Demand is Low
Supply is Low and Demand is High
Supply is Low and Demand is Low

Grade 9 Humanities: Economics Flashcards | StudBud