Economics - 2

Which of the following is an example of an economic choice?

• playing at the park
• buying ice cream
• going to school

Why do people make economic choices

• because resources, goods, and services are scarce
• money has no value
• producers make goods and services 

An example of a natural resource is 

• soil
• hammer
• building
• farmer 

An example of a human resource

• teacher
• water
• computer 

An example of a capital resource is 

• nurse
• machine
• wood