Villalobos-PFL questions

Front

What is human capital?

Back

The knowledge, skills, and abilities of a person or group of people.

Front

What does scarcity mean?

Back

When there is not enough of something.

Front

What is labor?

Back

Work.

Front

What is credit?

Back

Money you can borrow from the bank.

Front

What is interest?

Back

The extra amount you owe for borrowing money.

Front

What is a workforce?

Back

A group of people engaged in work.

Front

What does it mean to borrow money?

Back

To take money from someone with the promise to pay it back later.

Front

What is a bank?

Back

A place where people keep their money and can borrow money.

Front

What is income?

Back

Money received for work or services.

Front

What is a fee?

Back

An amount of money charged for a service.