a product that can be bought or sold

What is Human Resources?

the people who work to make money in an economy

How does scarcity drive an economy?

a shortage of something, so people spend their money

Given that China specializes in manufacturing, why are capital goods important to the economy?

Factories make it possible for China to produce goods.

Why are entrepreneurs important to the development of a country's economy?

Without ideas, no new products would be sold.

What is Human Capital?

the people who work to make money in an economy

What are entrepreneurs?

a person with an idea for how to start a business

What are capital goods?

man-made things used to make goods

What is a Natural Resource?

things from nature used to make goods

Which of these is an example of Mexico's investment in Capital Resources?

Mexico has expanded air, rail, and sea ports.

What are capital resources?

man-made things used to make goods

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Productive Resources

22 termsStudBud Administration38 plays

Productive Resources 6th and 7th grade quiz

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Questions 22

Answers

1
What is a good?
a product that can be bought or sold
something that is going well
actions or activities one person performs for another
2
A 6th class decides to open a popcorn stand. The stand and the popcorn popper are ___?
capital resources
human resources
entrepreneurship
natural resources
3
How does a country's investment in public education affect their gross domestic product?
It goes down.
It stays the same.
It goes up.
4
According to the headline pictured, what did Iran invest in?
Entrepreneurship
Natural Resources
Human Capital
Capital Goods
5
What is Human Resources?
man-made things used to make goods
things from nature used to make goods
a person with an idea for how to start a business
the people who work to make money in an economy
6
How does scarcity drive an economy?
actions or activities one person performs for another
a shortage of something, so people spend their money
too much of a good, so people don't buy
7
Given that China specializes in manufacturing, why are capital goods important to the economy?
Factories make it possible for China to produce goods.
Since people can read, China has better jobs.
China needs more people with business ideas.
All the water in China's rivers helps them produce power.
8
The Australian government funded research solar energy, which is a ______.
Human Resource
Entrepreneur
Capital Resource
Natural Resource
9
Which country likely has the most advances in HUMAN CAPITAL?
Japan
China
India
10
Why are entrepreneurs important to the development of a country's economy?
Without ideas, no new products would be sold.
Putting money into training gives people jobs.
Digging for new natural resources provides raw materials.
Factories are needed to make goods.
11
What is Human Capital?
the people who work to make money in an economy
a person with an idea for how to start a business
things from nature used to make goods
man-made things used to make goods
12
What is scarcity?
actions or activities one person performs for another
too much of a good
a shortage of something
13
What are entrepreneurs?
a person with an idea for how to start a business
things from nature used to make goods
the people who work to make money in an economy
man-made things used to make goods
14
What are capital goods?
things from nature used to make goods
the people who work to make money in an economy
man-made things used to make goods
a person with an idea for how to start a business
15
What is a Natural Resource?
man-made things used to make goods
a person with an idea for how to start a business
things from nature used to make goods
the people who work to make money in an economy
16
Which of these is an example of Mexico's investment in Capital Resources?
Mexico has a mixed economy with free market elements.
Mexico has a mixture of modern and outdated agriculture.
Mexico has expanded air, rail, and sea ports.
Mexican citizens earn 1/3 less income than Americans.
17
What are capital resources?
man-made things used to make goods
a person with an idea for how to start a business
things from nature used to make goods
the people who work to make money in an economy
18
How would increasing Haiti's investment in human capital change Haiti's Education Spending?
It would go up.
It would stay the same.
It would go down.
19
How would increasing Haiti's investment in human capital change Haiti's literacy rate?
It would go down.
It would go up.
It would stay the same.
20
What is the purpose of capital goods or capital resources?
for people to buy
for countries to save
Used to produce products
to feed people
21
How would increasing Haiti's investment in human capital change Haiti's GDP Growth Rate?
It would go up.
It would go down.
It would stay the same.
22
Which country would benefit the most from increased investment in HUMAN CAPITAL?
China
Japan
India

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