Michigan's Economics
Authored by Molly Dunham
Other
3rd - 4th Grade
Used 187+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Not being able to have all the products and services a person wants is called _______.
export
import
scarcity
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business that owned and operated by one person is called _______.
individual ownership
partnership
corporation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business that owned and operated by two people is called _______.
individual ownership
partnership
corporation
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The tools, machines, and buildings that are used to produce goods and services are called _______.
human capital
natural resources
capital equipment
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Valuable things in nature that people use are called _______.
human capital
natural resources
capital equipment
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
People who work in jobs to produce goods and services are called _______.
human capital
natural resources
capital equipment
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business that owned by several people and operated by managers is called _______.
individual ownership
partnership
corporation
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