
Business Essentials Vocab Practice (2.03)
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
______________ are manufactured or constructed items that are used to produce goods and services.
Back
Capital Goods
2.
FLASHCARD QUESTION
Front
______________ are tangible items produced for personal use.
Back
Consumer Goods
3.
FLASHCARD QUESTION
Front
__________________ are tangible items that will be consumed by industrial users.
Back
Industrial Goods
4.
FLASHCARD QUESTION
Front
____________ are the human and natural resources and capital goods used to produce goods and services; also known as factors of production.
Back
Economic Resources
5.
FLASHCARD QUESTION
Front
Human Services Programs are benefits such as free medical care, ________, and financial assistance that are provided by a government to its citizens.
Back
education
6.
FLASHCARD QUESTION
Front
A _____________ is an economic system in which all or many of the means of production and distribution are owned and controlled by the government.
Back
Command Economy
7.
FLASHCARD QUESTION
Front
_____________ is an economic system in which the questions of what, how, and for whom products will be produced are answered by individuals and businesses in the marketplace.
Back
Market Economy
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