Economics

How does the government pay for jobs like police officers, firefighters, teachers, and librarians?

• Taxes

• By printing more money

• Borrowing it from the bank

Which is an example of a natural resource?

• Interstate

• Tools in a factory

• A coalmine

• Window washer

Which is an example of a human resource?

• Stream of water flowing into a lake

• Hairdresser

• Computer

• Patch of grass to drive on

Which is an example of a capital resource?

• A machine in a factory

• A government official working as a mayor

• A mail man

Which is an example of an entrepreneur?

• Factory worker

• Grass cutter

• Teacher

• Army man

Money that people pay to help the government pay for roads, libraries, and firefighters is called

• Goods

• Services

• Taxes

What does a marketplace need to work well?

• Goods to sell

• Employees to work

• Snacks

• Consumers and producers (buyers and sellers)

What is the meaning of the work "Consumer "

• Money toward the government

• Buys the things producers make

• Make the things producers buy

• Hairdresser, teacher, police officer

Which resource could require manual labor, such as moving rocks

• Human Resource

• Natural Resource

• Capital Resource

You had $15.00 and went to the grocery store. You wanted a $10 toy, a $5 ice cream and a $6 bag of chips. You decided to only get the $5 ice cream and a $6 bag of chips. What was the opportunity cost in your decision?

• Not getting the $10 toy so you did not spend all of your money

• Getting the snack and ice cream

• Getting the snack and toy

• Getting the toy and ice cream