Business
This is the term for the resources used to produce goods and services, including land, labour, capital, and enterprise.
What are (the) factors of production?
This is the basic economic problem where unlimited wants exceed limited resources.
What is scarcity?
This ocean is the largest on Earth.
What is the Pacific?
This war was ended by the Treaty of Versailles.
What was World War I?
This instrument has black and white keys, and is played mainly with the fingers.
What is a piano?
This is made when a business makes more money than it spends.
What is profit?
This is something essential for living, such as food, water, or shelter.
What is a need?
This type of map shows mountains, rivers and elevation.
What is a physical map?
The German 'King' or 'Emperor'. The last one was named Wilhelm II.
This artist was known as 'The King of Pop'.
Who was Michael Jackson?
This is the difference between the selling price of a product and the cost of the materials used to make it.
What is added value?
This is the next best alternative given up when making a choice.
What is opportunity cost?
This is the process where a river loses energy and drops material it has been carrying such as sand and rocks.
What is deposition?
100 years after Columbus' voyage to the Americas, this country had become the largest empire in the world.
What is Spain?
This rapper is also known as 'Slim Shady'.
Who is Eminem?
The process of finding and hiring the best person for a job.
What is recruitment and selection?
This is the total value of goods and services produced in a country over a period of time.
What is GDP (Gross Domestic Product)?
This type of rainfall occurs when warm air rises, cools, and forms clouds, most commonly in tropical areas?
What is convectional rainfall?
The ship captained by this man was the first to circumnavigate the globe.
Who was Ferdinand Magellan?
This instrument looks like a violin, and is played in a similar way, but is larger and has a deeper tone.
What is a viola?
This is the level of output where total costs equal total revenue, meaning the business makes neither a profit or a loss.
What is the break-even point?
This is a government policy that involves changing taxation and government spending to influence the economy.
What is fiscal policy?
These imaginary lines run east to west around the Earth and measure distance north or south of the Equator?
What are lines of latitude?
Taiwan was first separated from China under the terms of this peace treaty.
What was the Treaty of Shimonoseki?
This is the proper musical term for volume.
What is dynamics?