Economic Choice

Which word means an actual item that can be touched or you can take home?

• good
• service
• account

Which word means a business doing something for another such as cleaning?

• Good
• Service
• enterprise

What word means that there's not much of something; more people want it, but there is not enough for everyone?

• availability
• scarcity
• low demand

What word means that this is how much money you make after all expenses are paid; your benefit?

• saving
• donations
• profit

Soil, minerals, air, water, and coal are all examples of

• Fossil fules
• Conservation
• recycling
• natural resources

Oil, natural gas, and coal are called ________resources because they are not easy to replace.

• fossil fuels
• conservation
• natural resources
• nonrenewable

 The difference between a good and a service is that:

• Goods are available in unlimited quantaties and services are not 
• Goods are tangible and services are not 
• Services are available in unlimited quantaties and goods are not 
• goods help satisfy unlimited wants and services do not

Bowdon Clothing Manufacturing decided several years ago to give up making suits for the public to take a contract with the Federal Government to produce Military Uniforms. Which eceonomic question did they answer. 

• What to produce? 
• How to Produce 
• For whom to produce
• All of the above 

All of the following are service producing industries EXCEPT:

• Insurance Company
• Finance Company
• Real Estate Company
• Farmer

What term describes the tools and technology used to make a product?

• capital goods
• human capital
• exports
• imports