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5 Written Questions

5 Matching Questions

  1. economy
  2. entrepreneurship
  3. traditional economy
  4. natural resources
  5. tertiary industry
  1. a minerals, water, trees and land
  2. b based on customs and traditions, people do what their ancestors did (generations)/Africa (tribal society)/India (caste system)/South American rural societies
  3. c skill, foresight, and determination it takes to start a business and produce a product
  4. d transport and distribute goods and services - deal with communication - highways, telephones, airlines
  5. e careful management of producing, distributing and consuming wealth and resources

5 Multiple Choice Questions

  1. what we need to produce goods and services,
    natural, human and capital resources
  2. anywhere goods or services are sold or traded
  3. process materials - manufacturing
  4. items made or grown (produced)
  5. there are not enough productive resources to provide all of the goods and services wanted by citizens

5 True/False Questions

  1. servicea job done for someone else

          

  2. primary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  3. capital resourcesminerals, water, trees and land

          

  4. human resources/laborminerals, water, trees and land

          

  5. production processnatural resources + human resources + capital resources = goods and services

          

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