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FC2: resources,economic growth,self-sufficiency

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

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.

  • kitchen and equipment
  • internet
  • bottles
  • Mary
  • apple orchard
  • employees
  • land
  • human capital
  • physical capital
  • entrepreneur
Question 2
2.

Which of the following resources is non-renewable?

Question 3
3.

Which of the following resources is most critical to a nation's ability to produce more output?

Question 4
4.

Which of the following motivates an entrepreneur to start a business?

Question 5
5.

The modern day global economy works on the principle that every nation is self-sufficient.