A lack of the resources needed to go into producing goods and services is called _____.
Business Organization - Chapter 2.1 Quiz

Quiz
•
Business
•
10th Grade
•
Medium

Nicole Berry
Used 41+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
abundance
deficiency
insufficiency
scarcity
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The economic resources needed to make a society’s goods and services are called factors of _____ .
economy
production
scarcity
society
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Raw materials from nature are called _____ resources.
environmental
natural
physical
renewable
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
People who are paid to make goods and services are called _______ resources.
capital
human
labor
natural
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Money used to produce goods and services is a(n) _______ .
asset resource
capital asset
capital resource
physical asset
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Individuals who start and direct businesses to produce goods and services are called ________ resources.
entrepreneurial
global
labor
virtual
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When dealing with scarcity, it is important to identify the best way to use the item that is ________.
in demand
in short supply
most expensive
readily available
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