Personal Finance/ Econmics

Why are entrepreneurs called "risk takers?"

• because they will be successful at their new business

• because they get charged more taxes than other business owners

• because they could lose all of their money starting a new business

• because they combine land, labor, and capital to start a new business

What is a capital resource that a car wash company would need?

• employees

• lawns

• customers

• machine-operated brushes

What type of resource is a computer?

• capital resource

• natural resource

• human resource

• all resources

Jewel wants to buy a skateboard and a bicycle. She only has enough money for one. Jewel buys a skateboard. What is the opportunity cost?

• capital resource

• bicycle

• demand

• skateboard

Wendy is craving strawberries in December. She realizes that strawberries don't grow in winter in Georgia, but she knows Kroger will have some to sell. She gets to Kroger and sees that the price of strawberries has ___________.

• increased

• supply

• decreased

• demand

Which of these is a natural resource?

• water from a river

• plastic from a factory

• teacher from a school

• computer from a store

On weekends, Josh pulls his lawnmower behind his bike and mows people's lawns for $20. Which of the following BEST describes Josh?

• Josh is a natural resource

• Josh is a capital resource

• Josh is an entrepreneur

• Josh is a competitor

What is a tax?

• a tax is money from a church

• a tax is money people to buy goods

• a tax is money that people pay to help support the government

• a tax is a service that people provide by working for the government

Which of the following is paid for with money collected through taxes?

• bank

• restaurant

• public library

• shopping mall

Which of the following is provided by the government using taxes?

• grocery stores

• roads

• barber shops

• clothing stores