- 1. Which of the following is a need?
A) bike B) roller skates C) food D) toys
A) Someone who makes things and sells them B) Someone who buys things
- 3. Where do natural resources come from?
A) nature B) school C) factories D) man
- 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) settlement B) statehood C) industry D) manufacturing
- 6. Depending on one another.
A) interdependence B) incentive C) choice D) interactions
- 7. The cost of passing up the next best choices when making a decision
A) opportunity costs B) taxes C) choice D) economics
- 8. To limit ones attention to one business, subject, or study
A) manufacturing B) specialization C) scarcity
- 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) scarcity C) taxes D) economy
- 12. What kind of resource is a raw material?
A) human B) capital C) natural
- 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) opportunity costs B) taxes C) economics
- 16. Things that people make or use to satisfy needs and wants are called this
A) goods B) producers C) services
- 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) consumer B) producer C) services
- 19. When we can't have everything you want you have to make this
A) checks B) money C) choice
- 20. Which of the following is not a type of resources?
A) natural B) capital C) scarcity D) human
|