Economics and Personal Finance Review

Front

Jennifer works for the Pepsi company as a truck driver. What type of resource is Jennifer?

Back

Human Resource

Front

Which is a capital resource that a lawn-care company would need? Options: Lawn Mower, Lawns, Customers, Employees

Back

Lawn Mower

Front

Which of the following correctly describes an entrepreneur?
Options:
Christina folding laundry because it is one of her chores.
Jacob starting his own doggy daycare and hiring his friends.
Kimberley babysitting her brother while her parents go to the movies.
Brandi getting a job so she can buy Christmas presents.

Back

Jacob starting his own doggy daycare and hiring his friends.

Front

Why are entrepreneurs considered "risk-takers"?

Back

Their business could fail and they could lose all the money they have invested into it.

Front

Which of the following is true about supply and demand?
Options:
If demand is greater than supply, prices are lower.
If supply is greater than demand, prices are lower.
If supply is equal to demand, the prices are lower.
If supply is greater than demand, the prices are higher.

Back

If supply is greater than demand, prices are lower.

Front

What is a tax?

Back

A tax is money people pay to support the government.

Front

If a city builds a new park, how will it be paid for?

Back

The city used tax money paid by the citizens

Front

How do Florida and Massachusetts meet their fruit needs?

Back

The 2 states trade fruit with each other.

Front

Back

Ashley makes fruit baskets. Gillian buys the fruit baskets.

Front

What is the name of the place where people buy and sell goods?

Back

marketplace