Satisfying Needs and Wants

Front

____________ are things required in order to live.

Back

Needs

Front

Things available to be used to produce goods & services.

Back

Economic Resources

Front

Things that add comfort and pleasure to your life.

Back

Wants

Front

Activities provided for the satisfaction of others that are consumed at the same time they are produced. "Something other people do for you"

Back

Services

Front

Items for purchase that you can see and touch.

Back

Goods

Front

It is easy to determine the products and services that satisfy your needs and wants.

Back

False

Front

Which is an example of a Natural Resource? Options: Iron, A Doctor, A Factory, money

Back

Iron

Front

Which is an example of a Capital Resource: Iron, Water, A Doctor, Money?

Back

Money

Front

Which of the following is an example of a Human Resource: Water, A Factory, A Doctor, Money?

Back

A Doctor

Front

The U.S. is the 2nd largest producers of goods and services around the world.

Back

False