B&M Unit 1

Things that are required to live.

• Food, Water, Shelter
• Money, Car, House
• Phone, Internet, Social Media
• Clothes, Shoes, Accessories

Things that you can see and touch.

• Emotions
• Ideas
• Thoughts
• Physical Objects

People producing goods and services.

• Capital resources

• Natural Resources

• Technology resources

• Human Resources

Equipment, buildings, and machines are all examples of

• Human resources

• Natural Resources

• Non-renewable Resources

• Capital Resources

Oil, gas, and coal are examples of this Specific type of resource.

• Capital

• Technology

• Non-renewable

• Human

This country is the largest producer of goods and services in the world.

• China
• India
• Russia
• United States

GDP measures a country's economic output over this amount of time.

• One year
• One month
• One week
• One day

Peak, recession, trough, and recover make up this.

• Economic Cycle
• Geographical Cycle
• Climatic Cycle
• Biological Cycle

Long periods of high unemployment and rapidly falling GDP are characteristic of this

• Economic Boom
• Inflation
• Economic Growth
• Economic Recession

The making, buying, and selling of goods within a country is what type of business?

• International Business
• E-commerce Business
• Domestic Business
• Global Business