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5 Written questions

5 Matching questions

  1. command economy
  2. human resources/labor
  3. consumer
  4. wages
  5. market
  1. a human effort and energy used in production
  2. b anywhere goods or services are sold or traded
  3. c one who uses goods or services
  4. d government controls/owns businesses and property, government makes all economic decisions/North Korea/Cuba
  5. e amount paid to an individual for services provided

5 Multiple choice questions

  1. minerals, water, trees and land
  2. natural resources + human resources + capital resources = goods and services
  3. based on customs and traditions, people do what their ancestors did (generations)/Africa (tribal society)/India (caste system)/South American rural societies
  4. process materials - manufacturing
  5. transport and distribute goods and services - deal with communication - highways, telephones, airlines

5 True/False questions

  1. quarternary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  2. servicethere are not enough productive resources to provide all of the goods and services wanted by citizens

          

  3. entrepreneurshipskill, foresight, and determination it takes to start a business and produce a product

          

  4. producerone who uses goods or services

          

  5. opportunity costone who grows agricultural products or manufactures goods

          

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