Economics Quiz

What is a community?

• Things people would like to have

• things people need to survive

• a place where people live, work, and play

• money put away to keep for later

What is savings?

• Things people would like to have

• things people need to survive

• a place where people live, work, and play

• money put away to keep for later

What is a need?

• Things people would like to have

• things people need to survive

• a place where people live, work, and play

• money put away to keep for later

What is a want?

• Things people would like to have

• things people need to survive

• a place where people live, work, and play

• money put away to keep for later

I earn __________ each week for doing my chores at home.

• money

• barter

• economics

• scarcity

_______ is the making, buying, or selling of things people need or want.

• money

• barter

• economics

• scarcity

There is a ___________ of oranges because the freezing temperatures damaged the crops.

• money

• barter

• economics

• scarcity

We can ___________ each other's services; I can mow your grass if you tutor me in math.

• money

• barter

• economics

• scarcity

What kind of resource is this?

• capital resource

• human resource

• natural resource

What kind of resource is this?

• capital resource

• human resource

• natural resource