
SSEF1 a,b,c,d
Flashcard
•
Social Studies
•
KG - 12th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Scarcity exists in all societies because:
Back
People's wants are unlimited and resources are limited.
2.
FLASHCARD QUESTION
Front
Economic theory of scarcity: limited resources require people to...
Back
make choices
3.
FLASHCARD QUESTION
Front
Iron ore used for metal beams is classified as?
Back
Land
4.
FLASHCARD QUESTION
Front
Human capital includes:
Back
A training course taken by employees of a manufacturing firm.
5.
FLASHCARD QUESTION
Front
Janice produces and sells clothing, leasing retail space and renovating her home for sewing. She imports materials and hires friends for various roles. What factor of production does she represent?
Back
entrepreneurship
6.
FLASHCARD QUESTION
Front
Investing in education improves a society's standard of living by enhancing its:
Back
human capital
7.
FLASHCARD QUESTION
Front
Scarcity: Limited resources cannot satisfy unlimited wants.
Back
Limited resources cannot satisfy unlimited wants.
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