Unit 1 Fundamental of Economics Vocabulary Flashcards

Unit 1 Fundamental of Economics Vocabulary Flashcards

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Jackie Clay

FREE Resource

Student preview

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34 questions

Show all answers

1.

FLASHCARD QUESTION

Front

TRADEOFF

Back

The other choices

2.

FLASHCARD QUESTION

Front

Productive Resource

Back

Objects that are used to produce goods and services.

3.

FLASHCARD QUESTION

Front

HUMAN RESOURCE

Back

The labor force, people used for services and goods

4.

FLASHCARD QUESTION

Front

Natural Resource

Back

Substances found in the world used to make goods and services.

5.

FLASHCARD QUESTION

Front

PHYSICAL CAPITAL

Back

Human-made objects used to make goods

6.

FLASHCARD QUESTION

Front

ENTREPRENEURSHIP

Back

The process of owning a business

7.

FLASHCARD QUESTION

Front

Marginal Benefits

Back

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