Economics K. Ryan

Your Aunt Sally invented and produced a new type of suitcase.  The productive resource described is

• natural
• human
• entrepreneurial
• capital

This is a picture of a farmer riding on his cotton picker. Which of the following is an example of a natural resource?

• cotton
• the farmer
• the gas in the cotton picker
• a football

What is a human resource?

• things found in nature
• machines used to make products
• the people and their labor and skills used to produce a good

• a business

Which of these from the picture is a capital resource?

• the man
• the hammer
• the shirt
• the hat

The state collects sales tax when we buy something in Georgia.  These taxes help pay for many things including the computers in

• the mall
• schools in Texas
• your house
• your school

Which of the following are built by the government with tax money?

• the sun
• roads
• Best Kept Secret
• Wal-Mart

Tax money collected by citizens provides protection for all Americans by our military and is a

• service provided by the local government
• good provided by our local government
• service provided by our national government
• good provided by the mayor of Jesup

Why would people in the USA buy fruit grown in other parts of the world?

• The fruit may grow very well in the United States.
• The consumers may have too many choices already.
• Wal-Mart has too much fruit and doesn't need more.
• The fruit may not grow well in the United States.

Which of the following is most likely built by the government with tax money?

• grocery stores
• barber shops
• roads
• your toys

What is an example of interdependence?

• Consumers in GA buying apples from Washington
• Iowa farmers planting corn
• producers in Vermont advertising products
• consumers in New York refusing to buy goods