Economics

Which of these examples is a service?

• Mr. Farr sells guitars.

• Mr. Swenson gives art supplies to consumers.

• Coach provides lessons for different sports.

• Ms. Miller writes books.

Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.

• supply

• demand

• buyer

• seller

What does it mean when you save money?

• You buy a new outfit.

• You put money away for later.

• You invent a new good.

• You give money to help animals.

________________ are people who use services or buy goods.

• Producers

• Resources

• Pretty

• Consumers

_______________ resources are materials that come from nature.

• Special

• Natural

• Human

• Capital

________________ resources are the things that people use to make the goods or provide their services.

• Natural

• Capital

• Company

• Human

The term used when there is not enough of something to go around is __________________.

• scarcity

• economic choices

• resources

• opportunity cost

What type of resources are these?

• capital

• natural

• nautical

• human