Economics Test

To give money to a bank

• opportunity cost

• deposit

• currency

• scarcity

The thing you give up when you buy something else

• opportunity cost

• deposit

• currency

• scarcity

Anything used to produce goods

• Resource

• Barter

• Specialization

• Interdependence

A country's system of money

• opportunity cost

• deposit

• currency

• scarcity

Not having enough of something

• opportunity cost

• deposit

• currency

• scarcity

Depending on others to produce things that you need.

• Resource

• Barter

• Specialization

• Interdependence

Making one kind of good or service

• Resource

• Barter

• Specialization

• Interdependence

Trading without using money

• Resource

• Barter

• Specialization

• Interdependence

Which list shows only needs?

• nail polish, TV, sweater

• sweater, water, apple

• shoes, shirt, necklace

• water, shirt, nail poilsh

When you go to the store and buy a bag of potato chips, you are a:

• producer

• consumer

• natural resource

• human resource