Factor of economic growth pre test

Which country had the strongest economy?

• A

• B

• C

• D

Which country had the weakest economy?

• A

• B

• C

• D

This country's economy grew from the year 2012 to ______.

This country's economy began to shrink between 2014 and ______.

Productive resources are best described as __________.

• raw materials from the Earth

• people who start a new business

• things used to make goods and services

Productive resources fall into four categories. Give an example for each category.

Read the scenario, and identify each productive resource involved. Together, Jaime and Candace decide to produce a line of silver jewelry. Candace is a skilled artist. She draws several designs for rings and earrings. Jaime then takes the designs to his workshop. There, he uses his metalworking tools to shape the silver into jewelry. 1. Jaime and Candace

• capital goods

• human capital

• entrepreneurship

Read the scenario, and identify each productive resource involved. Together, Jaime and Candace decide to produce a line of silver jewelry. Candace is a skilled artist. She draws several designs for rings and earrings. Jaime then takes the designs to his workshop. There, he uses his metalworking tools to shape the silver into jewelry. 2. Candace's artistic skill

• capital goods

• human capital

• entrepreneurship

Read the scenario, and identify each productive resource involved. Together, Jaime and Candace decide to produce a line of silver jewelry. Candace is a skilled artist. She draws several designs for rings and earrings. Jaime then takes the designs to his workshop. There, he uses his metalworking tools to shape the silver into jewelry. 3. the silver metal

• capital goods

• human capital

• natural resources

Read the scenario, and identify each productive resource involved. Together, Jaime and Candace decide to produce a line of silver jewelry. Candace is a skilled artist. She draws several designs for rings and earrings. Jaime then takes the designs to his workshop. There, he uses his metalworking tools to shape the silver into jewelry. 4. Jaime's workshop and tools

• capital goods

• human capital

• natural resources