
Unit 6 Part 1 Vocabulary
Authored by Clara Giorgis
History
7th Grade
Used 2+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are materials found in nature that are used as a factor of production called?
Capital Resources
Human Resources
Natural Resources
Opportunity Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes a tool, machinery, or item of equipment used as a factor of production?
Scarcity
Capital Resources
Consumption
Choice
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the people that work to provide labor in exchange for income?
Entrepreneurs
Natural Resources
Human Resources
Capital Resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for people who process and organize ideas to make goods/services a reality?
Scarcity
Entrepreneurship
Consumption
Production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the inability to satisfy all wants at the same time called?
Choice
Scarcity
Opportunity Cost
Production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the selection of an item or action from a set of possible alternatives known as?
Consumption
Production
Choice
Scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the action of making something by combining human, natural, capital, and entrepreneurial resources?
Consumption
Production
Opportunity Cost
Scarcity
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