Log in
Sign up for FREE
arrow_back
Library

FC2: resources,economic growth,self-sufficiency

star
star
star
star
star
Last updated over 6 years ago
5 questions
1
1
1
1
1
Question 1
1.

Question 2
2.

Question 3
3.

Question 4
4.

Question 5
5.

Mary decides to produce and sell apple juice. She leases an apple orchard and renovates the kitchen and equipment to produce and bottle the apple juice. Mary hires three employees. Two employees will maintain the apple orchard and bottle the juice, and one will market the apple juice using the internet.
bottles
kitchen and equipment
Mary
apple orchard
internet
employees
land
human capital
physical capital
entrepreneur
Which of the following resources is non-renewable?
trees
water
sunshine
oil
Which of the following resources is most critical to a nation's ability to produce more output?
entrepreneurship
human capital
physical capital
land
Which of the following motivates an entrepreneur to start a business?
all the above
innovation
profit seeking
job creation
The modern day global economy works on the principle that every nation is self-sufficient.
True
False