10. What is a benefit of being an entrepreneur?

choosing your own business hours

7. What does an entrepreneur do?

takes a risk by starting his or her own company

12. What is a natural resource?

anything useful to people that is found in nature

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Economics

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Questions 15

Answers

1
5. How can people save more of their income?
by becoming an entrepreneur
by increasing what they spend
by decreasing what they spend
by not working
2
12. What natural resource is used to make paper?
trees
iron ore
cotton
minerals
3
13. Which of the following is NOT an incentive to get a consumer's business?
sales
longer business hours
increased prices
coupons
4
9. Which list includes only capital resources?
computers, pens, desks
teachers, water, desks
teachers, , pens, computers
computers, water, pens
5
15. The money a person spends is
a profit
an income
an expense
a wage
6
4. What is a risk of being an entrepreneur?
loss of money
increased income
too many employees
all of the above
7
6. What do you call something that someone else does for you?
income
profit
service
good
8
3. Why does making a profit benefit a business?
Part of it can be saved.
Workers can possibly earn more money.
It can be used to buy capital resources.
all of the above
9
1. Human resources are
property
money
people
machines
10
11. What is the place called where people buy and sell goods and services?
procuctive resources
marketplace
natural resources
bank
11
10. What is a benefit of being an entrepreneur?
loss of money
choosing your own business hours
decreased income
unexpected expenses
12
7. What does an entrepreneur do?
takes a risk by starting his or her own company
manages a big business
works as a lumberjack
works at a newspaper company
13
2. These are resources that a person or business has to have in order to produce goods and services.
capital funding
productive resources
borrowing
entrepreneurship
14
12. What is a natural resource?
all of the money that is used by a company
anything people cannot use that is found in nature
anything useful to people that is found in nature
all of the people who work for a company
15
14. What is the money a person earns called?
expense
incentive
income
profit

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