Economics 6th grade MCJH

Which factor of production uses people that perform the work to produce something?

• capital

• natural resources

• entrepreneurship

• labor

Which factor of production is needed to produce a good or service, such as money, equipment, and supplies?

• natural resources

• labor

• capital

• entrepreneur

Mrs. Cadenhead opens  a new restaurant in Auburn. she is an example of what economic word?

• entrepreneur
• human capital
• capital goods
• GDP

The total numbers of goods and services produced in a country.

• literacy rate
• standard of living
• GDP
• capital goods

the total value of all goods and services produced within a country

• per capita income

• economic system

• gross national product (GNP)

• gross domestic product (GDP)

Items that come from the earth and are not man-made are:

• Labor
• goods
• natural resources
• capital 

People doing jobs; synonym for work

• labor
• natural resources
• capital 
• factors of production 

Something that someone does for you; such as within hospitals, airports, and schools:

• good
• service
• captial
• labor

Items you can use or touch, such as clothes, lumber, food, and cars.

• services
• natural resources
• goods
• entrepeneur

The owner who takes the risks and makes the profits

• service
• laborer
• entrepeneur
• business man