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Resource Market
Resource Market
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Questions
15
Answers
1
what is another name for a resource market?
services market
factor market
goods market
productions market
2
estate is a part of a resource market
False
True
3
which of the following is a natural resource
tables
paper
waterfalls
oil
4
what is entrepreneurship?
firms that transform production to goods and services
businesses that transform production to goods and services
the process one goes through to make money
one person making goods and services
5
resource markets operate through the interaction between suppliers and demanders
False
True
6
money alters everything when it comes to resources
True
False
7
what is the definition of a resource market?
a business that sells goods for a market
a market when a business purchases resources to produce goods and services
a market that sells goods for a business
a business when a market purchases resources to produce goods and services
8
this is similar to a GPD
True
False
9
financial services and capital resource markets include all companies that work with money
False
True
10
what are two group types in a resource market?
skilled
consumer
producer
unskilled
11
how do resource markets differ from goods markets
firms rolls are the only roll needed
they do not differ
the rolls of individuals and firms are reversed
individual rolls are the only roll needed
12
one day oil will eventually run out
True
False
13
paper is considered a natural resource since it comes from a tree.
False
True
14
what does inflation measure?
the rate the prices of goods and services increase over time
when people get bad bacause of gas prices
the rate the prices of goods and services increase over time
15
what is included in a resource market? (more than one answer)
man made resources
land
labor
natural resources
