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In a market economy, resources are
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
The desire to make a profit is
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
All of the following are factors of production except
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
A shortage of resources is called
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
In a command economy, resources and businesses are owned and controlled
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
Deciding to use a resource for one purpose and giving up the chance to use it for something else is
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
In a market economy, the higher the price,
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
In a command economy,
profit motive
privately owned.
scarcity.
the less consumers will buy
opportunity cost.
by the government.
highly skilled workers earn the same as low-skilled workers
educational resources
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