Economics

Goods that are used to produce other goods and services

• natural resources
• needs
• human resources
• capital resources

Things that were not made by humans and are found in nature

• natural resources
• human resources
• capital resources
• services

Things others do for you

• capital resources
• services
• opportunity cost
• wants

What would be a human resource needed to make paper?

• woodcutter
• tree
• truck
• factory

What would be a capital resource needed to make paper?

• woodcutter
• trees
• factory
• pulp

Things we buy that we can touch or hold

• services
• opportunity cost
• goods
• natural resources

Which of the following is an example of a service?

• Mowing a neighbor's lawn
• Sneakers
• Macaroni and cheese
• Teddy Bear

Who buys goods or services?

• Producers 
• consumers 

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

• service
• product
• specialization
• good

People who make goods and supply services

• consumer
• server
• producer