Economic Concepts Review Worksheet
Explore and test your knowledge on economic concepts such as the types of economies, factors of production, capital resources, human resources, and different economic systems through this review worksheet. Get a comprehensive understanding to ace your economics studies.
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Ch. 2 Review Worksheet
The economy of the US is _____. a) Entirely a market economy b) Entirely a command economy A mixed economy d) A barter system c)
Natural Resources become factors of production _________. a) When they are used to produce goods b) As soon as they are discovered As soon as they are invented d) Only if nothing else is available c)
An example of a capital resource would be _____________. a) Coal b) An ice cream truck The President of the United States d) A banker c)
Skilled, unskilled, physical or intellectual are used in this chapter to describe _____________. a) Natural resources b) Capital resources Library resources d) Human resources c)
An example of a capitalist country is _____________. a) Cuba b) Sweden Japan d) China c)
