Module 5 Review Game

When will businesses produce more of a good or service?

• when there is more opportunity

• when they can charge more

• during a lull in activity

• while they have more supplies

Which factor of production leads to new ideas or products that often come with a risk of failure?

• natural resources

• capital

• labor

• entrepreneurs

What happens when a business is hurt by a drought, stock market crash, or some negative situation?

• the business would experience expansion

• there would be economic interdependence

• an increase in income

• a contraction would be caused

Which factor of production results in an exchange of payment?

• capital

• labor

• expansion

• contraction

When a farmer can afford to hire more workers, buy more farm equipment, or buy more land to farm, how does tis affect the farmer's business?

• contraction

• income

• expansion

• interdependence

Why are some products more difficult for consumers to find?

• scarcity

• surplus

• abundance

• overproduction

Things like tools, trucks, machines and factories fall under the category of which factor of production?

• natural resources

• capital

• labor

• entrepreneurs

What shapes how societies use factors of production?

• economy

• scarcity

• opportunity

• income

Which economic system allows individuals and businesses to make their own economic decisions with little government interference?

• traditional

• command

• market

• communist

What pushes producers to make better products at lower prices in capitalist economies?

• consumer choice

• producer preference

• consumer profit

• producer cost