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Human Geography Economics Quiz Flashcards | StudBud
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Human Geography Economics Quiz
Human Geography Economics Quiz
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In preparation for our Human Geography Economics Quiz
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
The study of choices; and how society produces, consumes, and manages its resources is known as
Causality
Economics
Dividends
Correlation
2
Things that are required in order to live are known as?
Needs
Goods
Services
Wants
3
Natural Resources would fall into this factor of production
Land
Labor
Capital
Entrepreneurs
4
Stocks are also called
Brokers
CBA's
Shares
Dividends
5
When a business focuses on producing a specific type of good or service
Scarcity
Specialization
Complementary Goods
Brokering
6
The gap between limited resources and limitless wants can best be described as
Scarcity
Choice
Macroeconomics
Microeconomics
7
A systematic process of calculating and comparing benefits and costs of a decision
Profit
Supply and Demand
Cost Benefit Analysis
Productivity
8
As the price of something goes down, demand goes...?
Sideways
Down
Up
5 weeks left of school
9
The knowledge and skills that make it possible for workers to earn a living
Entrepreneurship
(Human) Capital
Macroeconomics
Investing
10
The Four Factors of Production are Land, Capital, Labor, and...?
Entrepreneurship
Equity
Productivity
Specialization
