Economics Review 1

_____________ is a resource made from nature

• Goods

• Services

• Natural Resource

• Human Resource

• Capital Resource

Which of the following is a resource used to make a good?

• Goods

• Services

• Natural Resource

• Human Resource

• Capital Resource

What do you call an object that people can want or hold?

• Goods

• Services

• Natural Resource

• Human Resource

• Capital Resource

People who produce goods or services are known as __________.

• Goods

• Services

• Natural Resource

• Human Resource

• Capital Resource

What is an action that a person does for someone else?

• Goods

• Services

• Natural Resource

• Human Resource

• Capital Resource

Which of the following are examples of natural resources? Choose all that apply.

• Janitor

• Strawberries

• Hammer

• Wood

Which of the following are examples of capital resources? Choose all that apply.

• Teacher

• Pencil

• Oven

• Pizza

Which of the following are examples of capital resources? Choose all that apply.

• Teacher

• Pencil

• Oven

• Pizza

What do you call a person who BUYS a good or service?

• Entrepreneur

• Producer

• Consumer

• Venture Capitalist

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck?

• Land resource

• Capital Resource

• Natural Resource

• Human Resource