
Econ 12: Terms Review
Authored by EMILY Yang
Social Studies
9th - 12th Grade
Used 6+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Land includes...
"gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Physical capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Labor refers to...
people who complete work for payment.
individuals who start a new business or bring a product to market.
the tools, equipment, and factories used in production of goods and services.
The "gifts of nature" or natural resources not created by human effort.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A herd of cattle is an example of ...
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A bulldozer is an example of...
Land
Labor
Entrepreneurs
Physical Capital
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Your garbage collector is an example of
Land
Labor
Entrepreneurs
Physical Capital
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