- 1. Which of the following is a need?
A) food B) roller skates C) toys D) bike
A) Someone who buys things B) Someone who makes things and sells them
- 3. Where do natural resources come from?
A) school B) man C) nature D) factories
- 4. A person who starts a business.
A) entrepreneurs B) settlement C) historian D) industry
- 5. Businesses that provide a certain product or service.
A) statehood B) industry C) manufacturing D) settlement
- 6. Depending on one another.
A) incentive B) choice C) interdependence D) interactions
- 7. The cost of passing up the next best choices when making a decision
A) taxes B) opportunity costs C) choice D) economics
- 8. To limit ones attention to one business, subject, or study
A) manufacturing B) scarcity C) specialization
- 9. This means not plentiful.
A) adapt B) specialization C) scarcity
- 10. Money collected by the government from people or businesses for public use
A) economy B) scarcity C) taxes
- 11. When people give up something in order to get something else is called this.
A) trade off B) scarcity C) taxes D) economy
- 12. What kind of resource is a raw material?
A) capital B) natural C) human
- 13. Trade with other countries is called this.
A) economy B) specialization C) international
- 14. Wants are things people want and can not always get. To get these people must make
A) advertising specials B) natural resources C) economic choices
- 15. The cost of passing up the next best choice when making a decision
A) opportunity costs B) economics C) taxes
- 16. Things that people make or use to satisfy needs and wants are called this
A) services B) goods C) producers
- 17. A person who makes goods and services is called this
A) services B) consumer C) producer
- 18. A person who uses or buys goods and services is called this
A) producer B) consumer C) services
- 19. When we can't have everything you want you have to make this
A) money B) checks C) choice
- 20. Which of the following is not a type of resources?
A) human B) natural C) capital D) scarcity
|