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- 1. Multiple ChoiceYour Aunt Sally invented and produced a new type of suitcase. The productive resource described isnaturalhumanentrepreneurialcapital
- 2. Multiple Choice
This is a picture of a farmer riding on his cotton picker. Which of the following is an example of a natural resource?cottonthe farmerthe gas in the cotton pickera football - 3. Multiple ChoiceWhat is a human resource?things found in naturemachines used to make products
the people and their labor and skills used to produce a good
a business - 4. Multiple ChoiceWhich of these from the picture is a capital resource?the manthe hammerthe shirtthe hat
- 5. Multiple ChoiceThe state collects sales tax when we buy something in Georgia. These taxes help pay for many things including the computers inthe mallschools in Texasyour houseyour school
- 6. Multiple ChoiceWhich of the following are built by the government with tax money?the sunroadsBest Kept SecretWal-Mart
- 7. Multiple Choice
Tax money collected by citizens provides protection for all Americans by our military and is a
service provided by the local governmentgood provided by our local governmentservice provided by our national governmentgood provided by the mayor of Jesup - 8. Multiple ChoiceWhy would people in the USA buy fruit grown in other parts of the world?The fruit may grow very well in the United States.The consumers may have too many choices already.Wal-Mart has too much fruit and doesn't need more.The fruit may not grow well in the United States.
- 9. Multiple ChoiceWhich of the following is most likely built by the government with tax money?grocery storesbarber shopsroadsyour toys
- 10. Multiple ChoiceWhat is an example of interdependence?Consumers in GA buying apples from WashingtonIowa farmers planting cornproducers in Vermont advertising productsconsumers in New York refusing to buy goods
- 11. Multiple ChoiceWhich would happen as a result of people only being able to buy locally produced good?less consumers would make a higher profitless choices for consumers at a higher pricemore choices for consumers at a lower price
- 12. Multiple ChoiceWhich of the following would most likely make the price of an item go down?the price of the natural resources needed to make the item increasesthe supply of the item is greater than the demand for itthe demand for the item is greater than the supply of the item
- 13. Multiple Choice
I am visiting Germany. I go to buy a soda and bag of chips in Germany. They won't accept my $10. Why?
Germany uses a different type of currency than the United States
they want to make their money very shinyno one can agree on what money is the bestit is against the law to use money from one country to another - 14. Multiple Choice
Mary saved up $10. She wants to buy a new toy that also costs $10. She also wants to buy make-up that costs $10. What are 2 things she will give up if she buys the toy?
her money and the make-up
the make-up and all the money saved
her money and the toy
the toy and the make-up
- 15. Multiple Choice
Mary saved up $10. She wants to buy a new toy that also costs $10. She also wants to buy make-up that costs $10. If Mary wants to buy the toy and make-up, what does she need to do?
keep spending all her money
Break the new toy
Ask her parents to buy her everything
save up her money and buy the make-up later
- 16. Multiple ChoiceEconomic Interdependence
Producers <-------------> _____________
In economic interdependence, which of the following is the correct term to go on the line to complete the chart?opportunity costscarcityincomeconsumers - 17. Multiple ChoiceIn economic interdependence, how do the consumers affect the producers?they cause the producer to create a larger supply of a product to meet a larger demanda large demand may encourage the producer to try selling their product in other countriesif there is a low demand for the producer's products, the goods may be put on sale or the producer will not be able to stay in businessall of the above
- 18. Multiple Choice
A person who starts their own business to provide jobs.
Entrepreneur
Capital Resource
Human Resource
Natural Resource
- 19. Multiple Choice
Which kind of resource is this?
doctor
natural
capital
human
- 20. Multiple Choice
Which kind of resource is this?
hammer
natural
capital
human
- 21. Multiple Choice
Which kind of resource is this?
chef
natural
capital
human
- 22. Multiple Choice
Which kind of resource is this?
ax
natural
capital
human
- 23. Multiple Choice
Which kind of resource is this?
water
natural
capital
human
- 24. Multiple Choice
Local governments collect taxes that help pay for
crayons
firefighters
The President
New Air Jordans
- 25. Multiple Choice
How are we able to buy fresh pineapple from Hawaii in the winter time?
We are unable to buy fresh fruit in the winter
Farmers only plant fresh fruit in the winter
Stores buy fruit from other places and sell it here in stores
- Answer choicesTagsAnswer choicesTags