buisness final review

economics is the study of using

• resorces

• technology

• supply

• cycles

this economic indicator is the total dollar value of goods and services produces in a year.

• GDP

• Deflict spending

• customer price index

• unemployment rate

which stage of the buisness cycle represents an increase/gain in the economy

• peak

• expansion

• contraction

• trough

A increase in goverment spending can help stimulate the economy because it puts more money into the economy in the short term.

• false

• true

lowering intrest rates discourages cunsumer spending

• true

• false

a decrease in taxes may increase consumer spending

• true

• false

natrul resources

• elon musk

• land , water

• cook

• oven

capital recources

• elon musk for tesla

• land

• cash register, oven

• cook

human/labor resources

• elon musk, tesla

• land

• oven

• casheir, cook

entrepreneuial resource

• land

• casheir,cook

• elon musk for tesla

• oven