Economics Assessment

Which of the following is something you need?

• Shelter

• TV

• Backpack

• Paper bags

Which of the following is an example of a capital resource?

• Scissors

• Water

• Doctor

• Soil

Marty goes to the store and buys groceries. Marty is a --

• Natural resource

• Money

• Consumer

• Producer

An example of a natural resource is --

• Water

• Sweater

• Computer

• Money

A police officer is an example of a --

• Natural resource

• Scarcity

• Service

• Want

Joe fixes cars at his mechanic shop. Joe is an example of a --

• Producer

• Want

• Consumer

• Capital resource

Which word means "things people make or use to satisfy needs and wants"?

• Goods

• Service

• Barter

• Money

Which of the following is an example of a good?

• Teacher

• Bus driver

• Baker

• Bread

John paid $3.00 for a slice of pizza. This is an example of --

• Capital resource

• Trading

• Bartering

• Using money for the exchange of goods

There are 5 scissors and 10 students. This is an example of --

• Scarcity

• Needs

• Services

• Producing