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FC2: resources,economic growth,self-sufficiency

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Last updated almost 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.
employees
bottles
kitchen and equipment
apple orchard
Mary
internet
land
human capital
physical capital
entrepreneur
Which of the following resources is non-renewable?
sunshine
water
oil
trees
Which of the following resources is most critical to a nation's ability to produce more output?
physical capital
entrepreneurship
land
human capital
Which of the following motivates an entrepreneur to start a business?
innovation
job creation
all the above
profit seeking
The modern day global economy works on the principle that every nation is self-sufficient.
True
False