WorksheetsCh 2 Review
Total questions: 10
Worksheet time: 5mins
What type of Economy does the US have?
Mixed
Bartering
entirely command
entirely market
Natural Resource become factors of production when
they are used to produce goods
as soon as they are discovered
as soon as they are invented
only if nothing else is available
An example of a capital resource would be
coal
an ice cream truck
the president
a banker
Skilled, unskilled, physical or intellectual are used in this chapter to describe what type of resources?
natural
capital
library
human
An example of a capitalist country is
cuba
sweden
japan
china
What are raw materials from nature that are used to produce goods?
natural resources
human resources
the earth
scarcity
The amount of goods and services that producers will provide at a various price.
demand
supply
product
goods
A system in which economic decisions are made in the marketplace according to the laws of supply and demand
command economy
mixed economy
market economy
macro eonomy
The study of how society chooses to use resources to produce and distribute goods and services
micro economics
macro economics
economics
geology
The resources used to produce goods and services
factors of production
scarcity
demand
economics
