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Economics Reteach

Quiz by HEATHER BROADNAX

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22 questions
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  • Q1
    -the study of how societies produce, distribute and consume goods and services
    Economics
    30s
  • Q2
    -determines the prices of goods and services in a market economy
    supply and demand
    30s
  • Q3
    a person, company, or business that makes goods or provides services for consumers
    producer
    30s
  • Q4
    A person who purchases goods and services for personal use
    consumer
    30s
  • Q5
    Physical objects such as clothes or shoes
    goods
    30s
  • Q6
    tasks that businesses perform for consumers
    services
    30s
  • Q7
    another word for farming. It includes both growing and harvesting crops and raising animals, or livestock
    agriculture industry
    30s
  • Q8
    Mass producing goods on a large scale using machinery. (Factories) turning raw materials into a finished product.
    manufacturing industry
    30s
  • Q9
    the sale of goods and services to consumers and how the goods are distributed such as malls, shopping centers, websites
    retail industry
    30s
  • Q10
    a business that does work for a customer, and occasionally provides goods, but is not involved in manufacturing.
    service industry
    30s
  • Q11
    Man-made goods used to help production or gain wealth
    capital resources
    30s
  • Q12
    a person who owns or operates a business or comes up with the idea for a product/business
    Entrepreneur
    30s
  • Q13
    natural resources used to produce a product
    land
    30s
  • Q14
    The physical or mental work someone does to produce a good or service
    labor
    30s
  • Q15
    Factory worker, waitress, manager
    example of labor
    30s

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