1. U.S. Business Environment

What resource is this?

• natural resource
• human resource
• capital resource

What is this resource?

• capital resource
• human resource
• natural resource

What is this resource?

• natural resource
• capital resource
• human resource

What resource is this a picture of?

• natural resource
• capital resource
• human resource

Entrepreneurs are...

• people with all their efforts and abilities

• individuals who start a new business or bring a product to market.

• The "gifts of nature" or natural resources not created by human effort.

• the tools, equipment, and factories used in production of goods and services

Your garbage man is an example of

• Land
• Labor
• Entrepreneurs
• Capital

An economic system in which individuals and businesses make decisions about what to produce.

• Market economy

• Mixed economy

• Communism

• Command economy

What are capital resources?

• things from nature used to produce goods
• the machines, tools, and buildings used to produce goods
• the people used to produce goods

There are four types of economic systems. Most economies are _____.

• Traditional

• Command

• Market

• Mixed

Which provides the greatest incentive for entrepreneurs to take risks?

• prices
• inflation
• profits
• interest