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- Multiple ChoicePlease save your changes before editing any questions.
_____________ are things that people make or use to satisfy their needs and wants.
Goods
Services
Producers
Consumers
- Multiple ChoicePlease save your changes before editing any questions.
________________ are activities that satisfy people’s needs and wants.
Goods
Services
Needs
Wants
- Multiple ChoicePlease save your changes before editing any questions.
______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.
Producers
Services
Goods
Resources
- Multiple ChoicePlease save your changes before editing any questions.
________________ are people who use services or buy goods.
Producers
Resources
Pretty
Consumers
- Multiple ChoicePlease save your changes before editing any questions.
_______________ resources are materials that come from nature.
Special
Natural
Human
Capital
- Multiple ChoicePlease save your changes before editing any questions.
______________ resources are people working to produce goods or provide services.
Capital
Human
Natural
Manufactured
- Multiple ChoicePlease save your changes before editing any questions.
________________ resources are the things that people use to make the goods or provide their services.
Natural
Capital
Company
Human
- Multiple ChoicePlease save your changes before editing any questions.
The good or service that you give up when you make an economic choice is called _____________________.
opportunity cost
economic choice
economic interdependence
economic specialization
- Multiple ChoicePlease save your changes before editing any questions.
Two or more people depending on each other for goods and services is called __________________________.
economic specialization
scarcity
economic choices
economic interdependence
- Multiple ChoicePlease save your changes before editing any questions.
Being an expert in one job, product, or service is called ___________________.
economic interdependence
economic specialization
opportunity cost
scarcity
- Multiple ChoicePlease save your changes before editing any questions.
The choice between two goods or services is known as ___________________.
scarcity
opportunity cost
economic choice
economic specialization
- Multiple ChoicePlease save your changes before editing any questions.
The term used when there is not enough of something to go around is __________________.
scarcity
economic choices
resources
opportunity cost
- Multiple ChoicePlease save your changes before editing any questions.
What type of resources are these?
capital
natural
nautical
human
- Multiple ChoicePlease save your changes before editing any questions.
These are examples of ________________ resources.
capital
natural
scarce
human
- Multiple ChoicePlease save your changes before editing any questions.
This picture shows examples of _________________ resources.
natural
capital
human
consumer