Unit 9 Study Guide Economics & Personal Finance

Identify the phases of the Business Cycle below using the diagram above. Which phase does point A represent?

• Peak

• Trough

• Expansion

• Contraction

Identify the phases of the Business Cycle below using the diagram above. Which phase does point B represent?

• Peak

• Trough

• Expansion

• Contraction

Identify the phases of the Business Cycle below using the diagram above. Which phase does point C represent?

• Peak

• Trough

• Expansion

• Contraction

Identify the phases of the Business Cycle below using the diagram above. Which phase does point D represent?

• Peak

• Trough

• Expansion

• Contraction

Part 2: Write the correct factor of production next to each of the following: Plumber

• Labor

• Land

• Capital

• Entrepreneurship

Part 2: Write the correct factor of production next to each of the following: Teacher

• Land

• Entrepreneur

• Capital

• Labor

Part 2: Write the correct factor of production next to each of the following: Delivery Truck

• Capital

• Land

• Labour

• Entrepreneurship

Part 2: Write the correct factor of production next to each of the following: Water

• Land

• Labour

• Capital

• Entrepreneurship

Part 2: Write the correct factor of production next to each of the following: Policeman

• Labor

• Land

• Capital

• Entrepreneurship

Part 2: Write the correct factor of production next to each of the following: Coal

• Land

• Labour

• Capital

• Entrepreneurship