
Intro to Business Ch 2
Authored by Natalee Hayes
Other
10th - 12th Grade
Used 9+ times

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15 questions
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1.
FILL IN THE BLANK QUESTION
45 sec • 5 pts
The definition of (a) is a shortage of resources.
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which is NOT a factor of production?
Labor
Marketplace
Natural Resources
Capital
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which statement about natural resources is true?
Agriculture products are renewable because new crops can be grown each season
Coal is renewable because there is so much of it still in the ground
Lumber is not renewable because it takes a long time to grow new trees
Water is renewable because it can be produced
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which statement about natural resources is NOT true?
Natural resources can be processed to make goods
The amount of natural resources available to a society has little affect on the economy
Synthetic materials such as nylon can be made from natural resources
Countries that have scare natural resources must get them from somewhere else
5.
FILL IN THE BLANK QUESTION
1 min • 5 pts
Which factor of production means the same as human resources?
(a)
6.
FILL IN THE BLANK QUESTION
1 min • 5 pts
A machine used to make molded plastic toys is an example of what factor of production?
(a)
7.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which is most likely to profit from society's changing wants and needs?
A business with substantial labor resources
An entrepreneur
A producer of goods
A business with existing capital resources
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