Social Studies - Economics

Front

When we study about how people use resources to make goods and services, what are we studying?

Back

economics

Front

Which of the following is an example of a natural resource? water, factory, worker, swamp

Back

water

Front

Which of the following is an example of a capitol resource? water, factory, worker, swamp

Back

factory

Front

Which of the following is an example of a human resource? water, factory, worker, swamp

Back

worker

Front

What causes scarcity?

Back

Resources are limited but people's wants are unlimited.

Front

Because of scarcity people can't have everything they want. Because of this people have to

Back

make choices.

Front

What was Herby's opportunity cost when he chose pizza for lunch instead of a hot dog?

Back

hot dog

Front

Which of the following is true? Michigan manufactures only cars and car parts. Michigan manufactures many different kinds of goods. Michigan manufactures very few goods because farming is so important to the state. Michigan manufactures mainly furniture and computers.

Back

Michigan manufactures many different kinds of goods.

Front

Where do you find the most manufacturing in Michigan?

Back

near big cities

Front

What is true about farming in Michigan?

Back

Farming is an important economic activity of Michigan.