Economics Review

Front

What are goods?

Back

items you can see

Front

What are services?

Back

work that people do

Front

________________ are the makers of goods, they often build business where they need to make the goods

Back

Producers

Front

_______________ are a users of goods and services. You are one of these.

Back

Consumer

Front

Which of the following is an example of a natural resource? a. Trees, b. Whiteboards, c. Machines, d. Buildings

Back

Trees

Front

What are human resources?

Back

Talents and skills that people have and use.

Front

What is an example of capital resources?

Back

tools

Front

What is a cost?

Back

the price needed to get something else

Front

What is an opportunity cost?

Back

What you have to give up to have something else

Front

What is an import?

Back

something brought into a country from somewhere else