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