U4 L8 PPC Assessment (Monsters Inc.)
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Last updated 24 days ago
10 questions
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| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Factor of Production Labor | arrow_right_alt | Any resource used to produce goods and services; this includes not just land, but anything that comes from the land |
Capital Goods | arrow_right_alt | The effort that people contribute to the production of goods and services |
Factor of Production Entrepreneur | arrow_right_alt | The tools, machinery, and buildings use to produce goods and services |
Consumer Goods | arrow_right_alt | A person who innovates by combining the factors of production - land, labor, and capital - to earn a profit |
Factor of Production Capital (physical) | arrow_right_alt | A model that shows alternative ways that an economy can use its scarce resources |
Factor of Production Natural | arrow_right_alt | Goods produced for direct consumption such as pizzas and cookies |
Production Possibilities Curve | arrow_right_alt | Goods that produce other goods such as machines and tools |