Chapter 19 - Vocabulary Quiz

Choose the correct definition of capital goods.

• the people used to make goods or services
• the items from nature used to make goods and services
• the factories, machines, technology, tools, equipment, and any other man-made goods used to make other goods or services

Read the definition. Then choose the vocabulary term defined. a resource used to produce a good or service

• factor of consumption
• productive resource
• risk

Choose the correct definition of demand.

• where a consumer wants to make a good or service
• how much of a good or service consumers want and are able to buy at a certain price
• where a consumer wants to buy a good or service

Read the definition. Then choose the vocabulary term defined. a naturally-made item, such as a tree, mineral, or fresh water, that people can use to help meet a need or want

• industry
• human modification
• natural resource

Choose the correct definition of human resource.

• an employer or employee who helps produce goods and services
• a employer or employee in charge of managing others
• a person who finds resources for companies

Read the definition. Then choose the vocabulary term defined. the ways in which goods or services reach the people or businesses that want to buy them

• means of consumption
• means of demand
• means of distribution

Choose the correct definition of innovate.

• to distrust an old method, idea, or product
• to create a new or improved method, idea, or product
• to trade for an improved method, idea, or product