2017 HASS ECO/BUS Revision: Topics 1 and 2

What are businesses?

What can consumers use to purchase goods and services?

The word 'economy' is derived from two terms meaning _________ and manage.

Which of the following refers to factors of production used to produce goods and services?

Economic resources are also known as _________.

Who do businesses rely on to buy their goods and services?

Consumers provide labour to producers and in exchange receive _______.

Which two sectors make up the simple circular flow of income model?

Do you need to bring a calculator to sit your humanities test?

________ refer to human skills and efforts to produce goods and services.

Which of the following allows producers and consumers to have a working relationship?

What refers to the condition of being mutually reliant on one another?

When is your humanities test?

Which of the following is an example of a 'good'?

Minerals are examples of the _______ resource.

Which topics do you need to study for your upcoming test?

Which of the following is an example of a 'capital' resource?

Consumers rely on businesses to provide them with goods and services.

Producers are ______ involved in the production of goods and services.

How can the term 'consumers' be defined?

How can we define the term 'service'?

Which of the following is an example of a 'want'?

Which factor of production provides the initial ideas for a business?

The term 'economy' is derived from two ______ terms.

A need refers to a good or service which is _________ for survival.

Land is an example of which type of resource?

Producers receive payment for the goods and services when ________ buy these.

___________ refers to man-made physical goods used to produce other goods and services