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Economic Terms as of 3/18

Quiz by Ladonna Mielke

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77 questions
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  • Q1
    anything that is of value to humans
    resource
    30s
  • Q2
    anything from nature that is of value to humans / materials found in nature that are used to create goods and services.
    natural resource
    30s
  • Q3
    goods (money, large buildings, expensive machines, and infrastructure) used to produce other goods and services.
    capital resource / capital goods
    30s
  • Q4
    the number of people in a country and the skills they possess (workers)
    human resource
    30s
  • Q5
    a natural resource that can regenerate itself with proper management
    renewable resource
    30s
  • Q6
    a natural resource that will run out eventually
    nonrenewable resource
    30s
  • Q7
    a resource that can be used to generate power
    energy resource
    30s
  • Q8
    coal, oil, and natural gas
    fossil fuels
    30s
  • Q9
    how something looks
    aesthetics
    30s
  • Q10
    people who must be trained over a long period of time
    skilled laborers
    30s
  • Q11
    people who can be trained in a short period of time
    unskilled laborers
    30s
  • Q12
    the ability to start and manage a business
    entrepreneurial abilities
    30s
  • Q13
    the basic systems that help an economy run such as roads, telecommunications, schools, and transportation networks
    infrastructure
    30s
  • Q14
    when a resource is gathered from nature such as farming, hunting, and fishing
    primary economic activity
    30s
  • Q15
    when a resource is processed into something useful or manufactured into something
    secondary economic activity
    30s

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