Economics Review

What is a natural resource used to make a chair?

• cow
• trees
• oil
• wind

An example of a human resource is _________.

• a truck
• tree
• tractor
• doctor

___________________ is another word for a person who works to produce goods or provides services?

• capital resource
• natural resource
• human resource
• consumer

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Michael used his tractor to make bales of hay.  His tractor is a ____________.

• commercial resource
• capital resource
• natural resource
• human resource

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

A crew of men are hired to paint a new house.  They are providing a ____

• service
• product
• specialization
• good

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.2.4

the tax paid on the value of property that you own is ____________ tax.

• sales
• property
• income
• payroll

Tags

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.5

Troy fixes his friend's sink.  He is providing a _____________.

• trade
• opportunity cost
• product
• service

Someone who makes a product to sell is a ____________.

• human resource
• consumer
• producer
• trader

Everyone with a job pays________.

• taxes
• bills

Who buys goods or services?

• Producers 
• consumers