6. Which word BEST completes the following sentence? Improvements in _____ allow an economy to produce more output from the same or a smaller quantity of inputs.
GDP
free enterprise
technology
communication
7. What is a factory building an example of?
human capital
physical capital
an economic trade-off
technology
8. An example of an entrepreneur is
a writer who is hired by a film studio to adapt a novel into a screenplay.
a lawyer in a high-profile law firm that specializes in business law.
an Olympic ice skater who later decides to join a professional ice show.
an artist who runs a business painting murals in office buildings and restaurants.
9. Human capital includes
the salary paid to an accountant.
a taxi driver's knowledge of the city streets.
the machinery used to weave cloth.
the equipment used by a doctor to cure a patient.
10. Which of the following is NOT an example of a public good?
shopping malls
national parks
highways
municipal libraries
GDP
free enterprise
technology
communication
7. What is a factory building an example of?
human capital
physical capital
an economic trade-off
technology
8. An example of an entrepreneur is
a writer who is hired by a film studio to adapt a novel into a screenplay.
a lawyer in a high-profile law firm that specializes in business law.
an Olympic ice skater who later decides to join a professional ice show.
an artist who runs a business painting murals in office buildings and restaurants.
9. Human capital includes
the salary paid to an accountant.
a taxi driver's knowledge of the city streets.
the machinery used to weave cloth.
the equipment used by a doctor to cure a patient.
10. Which of the following is NOT an example of a public good?
shopping malls
national parks
highways
municipal libraries