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- 1. Fill in the Blank
List the factor of production
- 2. Multiple Choice
What is land...
natural resources not created by people.
tools, equipment, machinery, and factories
people with all their efforts, abilities, and skills
people responsible for much of the change and progress in our economy
- 3. Multiple Choice
What is Entrepreneur...
tools, equipment, machinery, and factories
Natural resoures not created by humans
people responsible for much of the change and progress in our economy
people with all their efforts, abilities, and skills.
- 4. Multiple Choice
Choose the correct answers
list the examples of Capital
bulldozer
Food
Cars
Wheel Tractor Scraper
- 5. Multiple Choice
Choose the correct answers
list the examples of labor
A waiter at a restraunt
Technology
A lawyer
Drinks
- 6. Multiple Choice
Choose the correct answers
list one example of Entrepreneur
Bill gates
Doctors
Buliding tools
Dessert
- 7. Multiple Choice
What Is Point D called
inefficient (under-utilization)
Efficiency
Unattainable
- 8. Multiple Choice
Define Production possibitlites curve
The same combinations of goods and services
The different combinations of goods and services
- 9. Multiple Choice
Define Production possibitlites curve
The same combinations of goods and services
The different combinations of goods and services
- 10. Multiple Choice
Point A,B,C is called
Effeicient
Unattainable
Ineffeicient, Under utilization
- 11. Multiple Choice
Point e is called
effeicient
unnatainable
ineffeicient, under utilization
- 12. Open Ended
Joey and Taniesha arrive to school thirty minutes early. Joey wants to go to the mall. Taniesha wants to see if any of her teachers are at school early for extra help. They decide to go up to extra help instead of going to the mall
what is the oppurtunity cost?
- 13. Multiple Choice
Define oppurtunity cost
is the value of the best alternative given up
Achieveing maximum productivity with minimum wasted effort
the different combinations of goods and services
- Answer choicesTagsAnswer choicesTags