
Economics Review
Authored by Conley Hausle
Social Studies
2nd - 4th Grade
Used 7+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a natural resource?
Items made by people
People who provide a service
Anything we buy
A resource that is directly from nature
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a human resource?
Resources straight from nature
Resources made by people
People who work to produce goods and services
Any item we purchase
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a capital resource?
Resources straight from nature
Resources made by people
People who work to produce goods and services
Any item we purchase
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a good?
Resources straight from nature
Resources made by people
People who work to produce goods and services
Any item we purchase
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why does specialization encourage trade?
People want goods and services they do not have.
The price of goods and services decreases with specialization.
Specialization encourages people to travel and spend money.
Specialization provides different jobs in a community.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do we make economic choices?
Because we want to.
Because it's fun
Because we can't always have everything we want.
Because we have to
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a service?
An item we buy
An item directly from nature
Something we pay someone to do for us
An item made by other people
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