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- 1. Multiple Choice
What is productivity?
working on products
goods that are produced
amount of goods or services workers can produce in a period of time
- 2. Multiple Choice
What is the main goal for businesses?
profit
productivity
- 3. Multiple Choice
What would be an example of technology improving productivity?
phones
computers
machines
- 4. Multiple Choice
What are three ways businesses can improve productivity?
new workers,technology, money
trained workers, technology, money
trained and educated workers, equipment, technology
- 5. Multiple Choice
How do consumers benefit from companies being more productive?
product is out faster
the cost decreases
- 6. Multiple Choice
Trade-offs are the sacrifices you made when you made your choice.
True
False
- 7. Multiple Choice
What is it called when a company focuses on producing one type of good or service?
Specialization
Productivity
- 8. Multiple Choice
Which of the following includes the knowledge, skills, education and talent people bring to work?financial capitalnatural capitalhuman capitalnatural resources - 9. Multiple ChoiceLydia is a babysitter. Which of the following ways can she increase her human capital?babysit only one child at a timecharge a higher price for her babysittingpurchase toys she can use while she babysitsattend a class to improve her babysitting skills
- 10. Multiple ChoiceWhich of the following is not an example of exchanging human capital for income?walking a neighbors dog for $1washing your dishes and making your bed for your weekly allowance of $3watering a neighbor's plants while they're on vacation for $5receiving $5 from your grandmother for your birthday
- 11. Multiple ChoiceWhich of the following is not an example of exchanging human capital for income?walking a neighbors dog for $1washing your dishes and making your bed for your weekly allowance of $3watering a neighbor's plants while they're on vacation for $5receiving $5 from your grandmother for your birthday
- 12. Multiple ChoiceWhich of the following usually causes income from a job to be higher?the job has a titlemore education is required for the jobpeople must be interviewed for the joban ad for the job was placed on the internet
- 13. Multiple Choice
What are the 4 factors that lead to a country’s economic growth?
investment in human capital, investment in physical capital, land (natural resources), entrepreneurship
good international relations, a democratic president, strict laws, freedom of press
a powerful military, strong dictatorial leadership, communist regime, little personal freedom
a monarchy, the World Bank, a parliamentary democracy, personal freedom
- 14. Multiple Choice
What does human capital mean?
the place where the most people live within a country
the place where the most work is performed within a country
the people who perform labor (work)
the building where most people work in a country or state
- 15. Multiple Choice
What are capital goods?
goods that are produced in the capital
the factories, machinery, and technology used to produce goods and services
goods that are produced without natural resources
goods that are produced by the government
- 16. Multiple ChoiceWhich activity is an example of investing in physical capital by a company?constructing a new factorythrowing away old delivery trucksgiving workers more time off to resttraining workers to do their jobs better
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