B.E. 2.02 Vocab
Authored by Duncan Everett
Business
12th Grade
Used 13+ times
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which word best describes: Manufactured or constructed items that are used in the productions of goods and services.
Capital goods
Consumer products
Consumption
Demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: Products produced for personal consumption
Consumer Products
Consumption
Demand
Distribution
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: The process or activity of using goods and services; the economic process or activity of using goods and services.
Consumption
Demand
Distribution
Economic goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Demand
Distribution
Economic goods
Economic resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: The economic process or activity by which income is divided among resource owners and producers.
Distribution
Economic goods
Economic resources
Economic services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: Physical objects that are useful, scarce, and transferable and which satisfy economic wants
Economic goods
Economic resources
Economic services
Economic want
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What word best describes: The human and natural resources and capital goods used to produce goods and services
Economic resources
Economic services
Economic want
Economics
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