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