Economics Day 1 Skill Check

The definition of "producers" is...

• Producers perform

• Owners and Workers

• products

• People who buy goods and services.

The definition of "goods" is

• Products

• producers perform

• people who buy goods and services

• owners and workers

The definition of "Services" is....

• Products

• producers perform

• owners and workers

• People who buy goods and use services.

The definition of "Consumer" is....

• Products

• producers perform

• owners and workers

• People who buy goods and use services.

Raw materials used to make goods (land, water, forest, minerals, soil and climate) is the defintion of...

• captial resources

• natural resources

• entrepreneurs

• labor resources

Money, buldings, machines, and supplies needed is the defintion of...

• captial resources

• natural resources

• entrepreneurs

• labor resources

People who have the ideas that bring natural resources and capital resources together to produce goods is the defintion of...

• captial resources

• natural resources

• entrepreneurs

• labor resources

Workers needed to create goods and services (knowledge, skills and experince) is the defintion of...

• captial resources

• natural resources

• entrepreneurs

• labor resources