Economics Unit Test Review

What type of money is collected to pay for government goods and services?

• taxes

• profit

• opportunity cost

• bills

Which of the following is a natural resource?

• a factory

• money

• policemen

• water

Which is an example of an export?

• Florida oranges sold to Japan

• Colombian coffee bought in Texas

• Belgium chocolate bought in California

• Mexican clothing bought in Pennsylvania

Which is a capital resources?

• water

• graphite

• teacher

• tractor

When a lot of people want a good but only one is made

• the price stays the same

• the price increases

• the price decreases

• the price becomes free

People who make goods and services are called

• consumers

• producers

• capital resources

• entrepreneurs

What does interdependence mean?

• there is too small amount of goods

• the supply is high and the demand is low

• different countries need each other to have goods and services

• different countries fight over goods and services

Which of the following is paid for with taxes?

• schools

• grocery stores

• gas stations

• clothes

Which of the following is NOT a reason a country imports goods?

• It can not make the goods

• It has too much of a good

• It can get the good cheaper by importing it

• it wants to make good available to consumers

Looking at the picture above what is an example of a human, capital and natural resource used in providing this service?

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