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WorksheetsYear 9 Business - Participants in Economy Revision
Total questions: 10
Worksheet time: 10mins
When thinking about the factors of production, which of the following are examples of "land"? (Select all that apply).
Iron Ore
Wheat
Building
Chainsaw
The ............... is a term used by economists to refer to the total of all consumers in the economy. Fill in the blank.
household sector
business sector
economy
consumer demand
When thinking about the factors of production, "enterprise" refers to what? (Choose the most correct answer).
All the producers in the economy seeking to provide goods and services to satisfy the wants and needs of households.
The ability to recognise the demand for new goods or services, and to start up a new business or expand an existing business to attempt to satisfy consumer demand.
Starting a new business.
Large businesses or corporations in the economy with a lot of market power.
Which of the following are roles of the government sector? (Select all that apply).
Build roads
Open a new supermarket
Provide welfare payments
Collect taxes
Lend money to businesses wishing to expand
Which of the following is a function of money? (Select all that apply).
Medium of exchange
Store of value
Measure of value
To make the world go around
The household sector provides the .................... required by the .................... to produce goods and services. (Fill in the blanks).
labour, business sector
capital, financial sector
capital, government sector
land, financial sector
Select the four factors of production:
Land
Labour
Capital
Enterprise
Money
Consumer demand refers to which of the following:
The amount of goods or services that consumers are willing and able to purchase at a particular point in time.
When consumers get angry at the supermarket and demands goods and services.
The individual demands of each consumer.
The total number of consumers in the market.
Which of the following is NOT an example of "capital" when thinking about the factors of production?
Pizza cutter
Building
Coal
Cash register
How well do you think you understand the content on the economy so far?
I am confident with the material so far and am happy to move on.
I'm almost there, just a couple of things I will need to study but am happy to move on.
I need another lesson to go over it again so I can get it.
What class are we in?
