Personal Finance Test Review

Front

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck? Options: land resource, natural resource, human resource, capital resource

Back

capital resource

Front

What type of resource is Jennifer, a truck driver for the Coca-Cola company?

Back

human resource

Front

What do human resources provide to businesses? Options: land, labor, capital, income

Back

labor

Front

Which type of productive resource is a tree?

Back

a natural resource

Front

Which of the following CORRECTLY describes an entrepreneur? Omar babysits his little brother while his parents go to the movies., Simone starts a car-washing business and hires her closest friends., Tatiana mows the lawn every weekend because it is one of her chores., Rashad gets a job at the mall so he can earn money for a new skateboard.

Back

Simone starts a car-washing business and hires her closest friends.

Front

Why are entrepreneurs called “risk-takers”?

Back

because they could lose all of their money starting a new business

Front

How did the city MOST LIKELY pay for the new park?

Back

The city paid for the park to be built with taxes paid by the citizens.

Front

Use the table to answer the following question. Who provides MOST of the money for the jobs in the list? Options: donators, taxpayers, nonprofit charities, private businesses

Back

taxpayers

Front

Georgia farms a lot of peaches. Peaches do not grow well in Hawaii. Hawaii grows pineapples, but Georgia does not. Which of the following provides an example of a voluntary exchange?

Back

The two states trade fruits with each other.

Front

Which of the following BEST completes the boxes? Options: Miguel saves money; Julio spends money. Sharon makes quilts; Lucy buys the quilts. Mike buys furniture; Diego makes the furniture. Jamal earns an allowance; Larry works for his income.

Back

Sharon makes quilts; Lucy buys the quilts.