Economics Review

A __________ is someone who pays for a good or service.

• producer

• user

• consumer

A __________ is someone who creates a good or service for others to buy or use.

• consumer

• producer

• user

When you recycle paper, which natural resource are you helping to conserve?

• water

• trees

• minerals

Land, fuel, water, and minerals are this kind of resource:

• human resources

• capital resources

• natural resources

Doctors, nurses, lawyers, and plumbers are this kind of resource:

• human resources

• capital resources

• natural resources

Tools, machines, and buildings are this kind of resource:

• human resources

• capital resources

• natural resources

Money a business earns after it pays for supplies, tools, salaries, and other costs is called a __________.

• money

• retail trade

• profit

Sue wants a pepperoni pizza at lunch, and there isn't a lot left. The supply is __________.

• low

• high

• equal

A plan for using money is __________

• a benefit

• a budget

• interest

Strawberry season is from Mid-March to June. If you buy strawberries in February, the cost will probably:

• be lower than during strawberry season

• be the same as during strawberry season

• be higher than during strawberry season