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- 1. Multiple Choice
_____are people who use their skills to produce a good or service
natural resource
human resource
capital resource
- 2. Multiple Choice
_____ are goods produced and used to make other goods or services
natural resource
human resource
capital resource
- 3. Multiple ChoiceThe crops from the earth are what kind of resource?NaturalHumanCapital
- 4. Multiple ChoiceHunters are what kind of resource?CapitalHumanNatural
- 5. Multiple ChoiceThe people who cook the food are what kind of resource?CapitalHumanNatural
- 6. Multiple Choice
What resource is this a picture of?natural resourcecapital resourcehuman resource - 7. Multiple ChoiceResources that come from nature are called:early resourceshuman resourcescapital resourcesnatural resources
- 8. Multiple ChoiceWhich of the following is the best definition of PROFIT?The total amount of income a business makes from selling products or servicesThe amount of money a business has left over after paying for their costs.The total amount of money a business spends.
- 9. Multiple Choice
What is income?
The amount of money you spend
The amount of money you make
- 10. Multiple Choice
How can you use your income?
Buy things with it
Save it
Donate to charity
All of the above
- 11. Multiple Choice
What is the study of the way goods and services are made and used?
market
geography
economics
- 12. Multiple Choice
Which should someone buy first, the things they need or the things they want?
Things they need
Things they want
- 13. Multiple Choice
Which of the following is a need
Food
A basketball
A new game
The newest iPad
- 14. Multiple Choice
If you charge more for your product, will you sell more of it or less?
More
Less
- 15. Multiple Choice
If you have a high demand for a product and a low supply, the price of your product will go:
up
down
- Answer choicesTagsAnswer choicesTags