Economics Quiz

Which one is a need? 

• Water
• Soda
• TV
• iPhone

• Need
• Want

• Need
• Want

Does this person provide a good or a service?

• good
• service

Does this person provide a good or a service?

• good
• service

Does this person provide a good or a service?

• goods
• service

Does this person provide a good or a service?

• good
• service

Anything that people use to make things or to do work is called________________________.

• labor

• resource

Another name for work is ____________________.

• choice

• labor

Things of worth such as machines, buildings, tools, and money are called ___________________________.

• capital

• resource