Econ Quiz

What kind of resources are man made?

• capital

• human

• natural

What kind of resources would we call a secretary, cleaning woman, and delivery driver?

• capital

• human

• natural

A good is something that

• is not bad.

• made or grown.

• provides a service

These are examples of positive incentives:

• fines and punishments

• cats and dogs

• prizes and awards

A negative incentive could be...

• losing recess

• earning big bucks

• smelly stickers

Air, food, shelter are all...

• wants

• needs

• services

What kind of resources come from nature?

• capital

• human

• natural

Toys, candy, books, movies are all examples of this.

• needs

• services

• wants

One reason you might use an assembly line to make a good is...

• you can do it all yourself

• you do it really slowly 

• you can do one part really well

If you run out of what you are selling and the price goes up, you would say this has to do with...

• wants and needs

• supply and demand

• positive incentives