Economics Test Review

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck?

• land resource

• capital resource

• natural resource

• human resource

Jennifer works for the Coca Cola company as a truck driver. What type of resource is Jennifer?

• a capital resource

• a human resource

• a natural resource

• an entrepreneurial resource

What do human resources provide to businesses?

• land

• labor

• capital

• income

Which is a capital resource that a lawn-care company would need?

• tools

• lawns

• customers

• employees

Which of these is an example of a human resource?

• a river

• a forest

• a teacher

• a computer

Which type of productive resource is a tree?

• a capital good

• an entrepreneur

• a human resource

• a natural resource

Who would a business consider a human resource?

• A. someone who returns a product to the business

• B. someone who buys the business's products

• C. someone who visits the business's store

• D. someone who works for the business

On weekends, Josh pulls his lawnmower behind his bike and mows people's lawns for a fee. Which of the following BEST describes Josh?

• A. a natural resource

• B. a capital resource

• C. an entrepreneur

• D. a competitor

Which of the following correctly describes an entrepreneur?

• A. Omar babysits his little brother while his parents go to the movies.

• B. Simone starts a car-washing business and hires her closest friends.

• C. Tatiana mows the lawn every weekend because it is one of her chores.

• D. Rashad gets a job at the mall so he can earn money for a new skateboard.

Why do entrepreneurs take risks?

• A. to pay taxes

• B. to get elected

• C. to make a profit

• D. to gain knowledge