Have an account?
Skip to Content
Build your own quiz
Suggestions for you
20 questions
Show Answers
See Preview
- 1. Multiple ChoiceA _________ makes a product (good) or provides a service for consumers.consumerproducernatural resourceprice
- 2. Multiple ChoiceA resource that comes from nature such as water and trees is called a ___________ _________.natural resourceintermediary resourcecapital resourcehuman resource
- 3. Multiple Choice
This picture is a ____ resource.NaturalHumanCapital - 4. Multiple ChoiceThis picture is a ____ resource.NaturalHumanCapital
- 5. Multiple ChoiceThis picture is a ____ resource.CapitalHumanNatural
- 6. Multiple ChoiceThis picture is a ____ resource.CapitalHumanNatural
- 7. Multiple ChoiceTrading without using money is called?HouseBarteringhandoff
- 8. Multiple ChoiceThere are enough resources available in the world to meet everyone’s wants and needs.FalseTrue
- 9. Multiple ChoiceWhat is it called when a company focuses on making only one product?tradesingularresourcespecialization
- 10. Multiple ChoiceMark could choose between new shoes or a new video game as a reward for his good grades. He chose new shoes. What is his opportunity cost?shoesvideo game
- 11. Multiple ChoiceIf you have two choices for lunch, tacos or chicken sandwich, the one you choose is your _______________.opportunity costeconomic choicedecisiontrade
- 12. Multiple ChoiceDunkin Donuts ______________ in making donuts.producerspecializestrades
- 13. Multiple ChoiceSomeone who makes a product to sell is a ____________.human resourceconsumerproducertrader
- 14. Multiple ChoiceIf there are 18 students in the class but there's only 10 textbooks, this is an example of _________.scarcitytradeopportunity cost
- 15. Multiple Choicea group of people living in the same area under the same governmentproductionspecializationcommunityproducers
- 16. Multiple Choicethe study of resources such as money, materials, and laboreconomicsservicesproducersgoods
- 17. Multiple ChoiceIs this shelter a want or a need?WantNeed
- 18. Multiple ChoiceWhat is a human resource?construction workerfiremanteacherall of the above
- 19. Multiple ChoiceA farmer is a ___________ because he/she grows food to sell.producerconsumer
- 20. Multiple ChoiceWhen a choice is made and something has to be given up, it is called ____________.capital resourcesscarcitypriceopportunity cost
- Answer choicesTagsAnswer choicesTags