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of 24 available terms

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5 Written Questions

5 Matching Questions

  1. human resources/labor
  2. capital resources
  3. primary industry
  4. service
  5. natural resources
  1. a buildings, machines, tools and equipment
  2. b taking something from the earth - farming, fishing, mining and lumbering
  3. c a job done for someone else
  4. d minerals, water, trees and land
  5. e human effort and energy used in production

5 Multiple Choice Questions

  1. skill, foresight, and determination it takes to start a business and produce a product
  2. government controls/owns businesses and property, government makes all economic decisions/North Korea/Cuba
  3. there are not enough productive resources to provide all of the goods and services wanted by citizens
  4. one who grows agricultural products or manufactures goods
  5. the value of your next best alternative

5 True/False Questions

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

          

  2. wagesitems made or grown (produced)

          

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

          

  4. economic systemhow a country's economy is organized, determines what to produce, how to produce it and who to produce it for

          

  5. secondary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

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