Economics
a month ago
lreynolds_68570
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15 QuestionsShow answers
  • Question 1
    30 seconds
    Q.

    _____________ are things that people make or use to satisfy their needs and wants.

    answer choices

    Goods

    Services

    Producers

    Consumers

  • Question 2
    30 seconds
    Q.

    ________________ are activities that satisfy people’s needs and wants.

    answer choices

    Goods

    Services

    Needs

    Wants

  • Question 3
    30 seconds
    Q.

    ______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.

    answer choices

    Producers

    Services

    Goods

    Resources

  • Question 4
    30 seconds
    Q.

    ________________ are people who use services or buy goods.

    answer choices

    Producers

    Resources

    Pretty

    Consumers

  • Question 5
    30 seconds
    Q.

    _______________ resources are materials that come from nature.

    answer choices

    Special

    Natural

    Human

    Capital

  • Question 6
    30 seconds
    Q.

    ______________ resources are people working to produce goods or provide services.

    answer choices

    Capital

    Human

    Natural

    Manufactured

  • Question 7
    30 seconds
    Q.

    ________________ resources are the things that people use to make the goods or provide their services.

    answer choices

    Natural

    Capital

    Company

    Human

  • Question 8
    30 seconds
    Q.

    The good or service that you give up when you make an economic choice is called _____________________.

    answer choices

    opportunity cost

    economic choice

    economic interdependence

    economic specialization

  • Question 9
    30 seconds
    Q.

    Two or more people depending on each other for goods and services is called __________________________.

    answer choices

    economic specialization

    scarcity

    economic choices

    economic interdependence

  • Question 10
    30 seconds
    Q.

    Being an expert in one job, product, or service is called ___________________.

    answer choices

    economic interdependence

    economic specialization

    opportunity cost

    scarcity

  • Question 11
    30 seconds
    Q.

    The choice between two goods or services is known as ___________________.

    answer choices

    scarcity

    opportunity cost

    economic choice

    economic specialization

  • Question 12
    30 seconds
    Q.

    The term used when there is not enough of something to go around is __________________.

    answer choices

    scarcity

    economic choices

    resources

    opportunity cost

  • Question 13
    30 seconds
    Q.

    What type of resources are these?

    answer choices

    capital

    natural

    nautical

    human

  • Question 14
    30 seconds
    Q.

    These are examples of ________________ resources.

    answer choices

    capital

    natural

    scarce

    human

  • Question 15
    30 seconds
    Q.

    This picture shows examples of _________________ resources.

    answer choices

    natural

    capital

    human

    consumer

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