First Nine Week's Exam

Human Resources

• recursos naturales

• negocios

• produccion humana

• recursos humanos

A consumer is

• A person BUYING a good or service

• A person USING a good or service

• A person that DISPOSES of a good or service

• All of the Above

When unemployment DECREASES and sales INCREASE, this is called . . .

• recovery

• depression

• recession

• failure

Mark the factors of production

• human resources

• natural resources

• economic resources

• capital resources

Money left over after production costs is called -

• mixed economy

• profit

• needs

• wants

An INCREASE in price is connected to -

• inflation

• deflation

A comparison in prices across different years is called -

• price economy

• price index

A shortage of resources is called -

• business

• goods

• scarcity

• resources

Communism is an example of a command economy

• true

• false

In a partnership, all partners are liable for business debts.

• true

• false