Economics

Which is not an example of natural resources?

• water

• gold nugget

• candy

• coal

An economy that can run with little government involvement is a

• free enterprise

• socialist

• command

• communism

The amount of product a consumer is willing to purchase at the current price.

• supply

• demand

• need

• want

What do you call the people who bring natural, labor, and capital resources together to

produce goods and services?

• industry

• manufacturing

• consumer

• entrepenuer

When one country depends upon another country to help meet their economic needs, this

• Export

• import

• economic interdependence

• economic hardship

Any industry that distributes goods from the manufacturer to the consumer is a

• agriculture

• manufacturer

• wholesale/retail

• service

What do you call the people who bring natural, labor, and capital resources together to

produce goods and services?

• entrepreneur

• wholesaler

• businessman

• serviceman

Products from the USA that are sent to another country

• imports

• exports

• services

• goods

In a _____ economy, business owners are allowed to compete with little

government interference.

• command

• free enterprise/market

• traditional

• mixed

In a _____ economy, the government decides how many of which goods are

produced and sets the prices.

• command

• free enterprise/market

• traditional

• mixed