Economics 2nd Grade Review

Front

________________ are people who use services or buy goods.

Back

Consumers

Front

_______________ resources are materials that come from nature.

Back

Natural

Front

______________ resources are people working to produce goods or provide services.

Back

Human

Front

________________ resources are the things that people use to make the goods or provide their services.

Back

Capital

Front

The choice between two goods or services is known as ___________________.

Back

economic choice

Front

The term used when there is not enough of something to go around is __________________.

Back

scarcity

Front

What type of resources are these? Options: capital, natural, nautical, human

Back

natural

Front

These are examples of ________________ resources.

Back

human

Front

This picture shows examples of _________________ resources.

Back

capital

Front

Things that we have to have

Back

needs