(2 points) People who take the risks of organizing productive resources to make goods and services are...
Question 7 (2 points)
People who take the risks of organizing productive resources to make goods and services are called what?
a Incentives
b Adam Smith
c Investors
d Entrepreneurs
Question 8 (6 points)
Match the key term with the best definition
Column A
1. _____ Incentives
2. _____ Choice
3. _____ Self-Interest
4. _____ Invisible Hand
5. _____ Adam Smith
Column B
a. Benefits or costs of an action that influence people's decisions and behavior
b. Stated 'Economics is a science of the study of wealth only'
c. The ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options
d. A metaphor for the unseen forces that move the free market economy.
e. You seek your own personal gain.
People who take the risks of organizing productive resources to make goods and services are called what?
a Incentives
b Adam Smith
c Investors
d Entrepreneurs
Question 8 (6 points)
Match the key term with the best definition
Column A
1. _____ Incentives
2. _____ Choice
3. _____ Self-Interest
4. _____ Invisible Hand
5. _____ Adam Smith
Column B
a. Benefits or costs of an action that influence people's decisions and behavior
b. Stated 'Economics is a science of the study of wealth only'
c. The ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options
d. A metaphor for the unseen forces that move the free market economy.
e. You seek your own personal gain.

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