WC Economics Test Review

Students were attending a school carnival where goods and services are being sold. Read each carnival sign. Which student is selling a service?

• "Yummy pizza slice: $1.00"

• "Wacky hair paint design: $2.00"

• "Beautiful balloons: 3 for $1"

Jake was selling pizza at the carnival. Read the events of his day. Which one describes a time when Jake was a consumer?

• Jake went to the store and bought pizza crust, sauce, and cheese.

• Jake made a sign and set up a table for his pizza stand.

• Jake sold pieces of pizza for $1.

Which of the following is a producer?

• farmer

• police officer

Which of the following is a consumer?

• someone making cotton candy

• someone eating cotton candy

Which is NOT a capital resource?

• coal

• water

• pencils

• wood

Today is the day before Thanksgiving and the grocery store is out of turkeys. What will happen to the price of the turkey?

• Increase

• Decrease

There are a lot of Halloween costumes on store shelves the day after Halloween. What will happen to the price of the costumes?

• Increase

• Decrease

Which of the following is NOT a human resource?

• tree

• dentist

• doctor

• hair dresser

Jamie could choose between a candy bar or a raffle ticket as a reward for working hard at softball practice. She chose the candy bar. What is her opportunity cost?

• candy bar

• raffle ticket

Which of the following is a public good?

• candy cane

• Chromebook

• city park