Module 5 Review Game

Front

When will businesses produce more of a good or service?

Back

when they can charge more

Front

Which factor of production leads to new ideas or products that often come with a risk of failure?

Back

entrepreneurs

Front

What happens when a business is hurt by a drought, stock market crash, or some negative situation?

Back

a contraction would be caused

Front

Which factor of production results in an exchange of payment?

Back

labor

Front

When a farmer can afford to hire more workers, buy more farm equipment, or buy more land to farm, how does this affect the farmer's business? Options: contraction, income, expansion, interdependence

Back

expansion

Front

Why are some products more difficult for consumers to find?

Back

scarcity

Front

Things like tools, trucks, machines and factories fall under the category of which factor of production?

Back

capital

Front

What shapes how societies use factors of production?

Back

scarcity

Front

Which economic system allows individuals and businesses to make their own economic decisions with little government interference?

Back

market

Front

What pushes producers to make better products at lower prices in capitalist economies?

Back

consumer choice