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4 Written questions

3 Multiple choice questions

  1. people whose wants are satisfied by using goods and services
  2. All resources used in producing goods and services for which owners receive payment
  3. the ration of output (goods and services) produced per unit of input (productive resources) over a period of time

3 True/False questions

  1. partnershipthe direct trading of goods and services between people without the use of money

          

  2. capitalrefers to all relatively permanent improvements made to land and money and investments

          

  3. Barterany setting where buyers and sellers exchange goods, services, resources, and currencies

          

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