Economic Terms Practice

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Question 1 of 1

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9307

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Buying, selling, or exchanging goods or services is called...

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9308

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Resources that are present on Earth without human intervention; "Gifts of Nature

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9309

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The condition of not being able to have all of the goods and services that you want.

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9310

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Goods made by people and used to produce other goods and services; man-made resources that help us perform a task.

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9311

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The economic and cultural intermixing of people, businesses, organizations, and nations on Earth.

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9312

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The amount of wealth, comfort, or possessions that a person or group has

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9313

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How much of something is available and how much people want it.

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9314

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When making a decision, this is the best alternative that you don't choose; "your next best option."

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9315

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Hiring outside suppliers to hand work that used to be done "in-house."

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9316

120

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The quantity and quality of human effort that goes towards producing goods and services (also called labor)

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9317

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Limiting the variety of items that you produce so you can be more efficient at the few things you are especially skilled at.

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9319

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When a person, business, or country is affected by the decisions or events that affects its trading partners

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9320

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The economic sector that extracts or harvests products from the earth; the sector that deals with raw materials.

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9321

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The sector of the economy associated with sales, transportation, distribution, entertainments, restaurants, tourism, healthcare, education, law, etc.

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9322

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Economic Terms Practice

Question 1 of 1

Time Left

Buying, selling, or exchanging goods or services is called...

Select the correct answer(s).

(0/0)

Resources that are present on Earth without human intervention; "Gifts of Nature

Select the correct answer(s).

(0/0)

The condition of not being able to have all of the goods and services that you want.

Select the correct answer(s).

(0/0)

Goods made by people and used to produce other goods and services; man-made resources that help us perform a task.

Select the correct answer(s).

(0/0)

The economic and cultural intermixing of people, businesses, organizations, and nations on Earth.

Select the correct answer(s).

(0/0)

The amount of wealth, comfort, or possessions that a person or group has

Select the correct answer(s).

(0/0)

How much of something is available and how much people want it.

Select the correct answer(s).

(0/0)

When making a decision, this is the best alternative that you don't choose; "your next best option."

Select the correct answer(s).

(0/0)

Hiring outside suppliers to hand work that used to be done "in-house."

Select the correct answer(s).

(0/0)

The quantity and quality of human effort that goes towards producing goods and services (also called labor)

Select the correct answer(s).

(0/0)

Limiting the variety of items that you produce so you can be more efficient at the few things you are especially skilled at.

Select the correct answer(s).

(0/0)

When a person, business, or country is affected by the decisions or events that affects its trading partners

Select the correct answer(s).

(0/0)

The economic sector that extracts or harvests products from the earth; the sector that deals with raw materials.

Select the correct answer(s).

(0/0)

The sector of the economy associated with sales, transportation, distribution, entertainments, restaurants, tourism, healthcare, education, law, etc.

Select the correct answer(s).

(0/0)

The sector of the economy which deals with manufacturing, processing, and construction.

Select the correct answer(s).

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