Economics

1. A resource made from nature is called a

• Service Resource

• Natural Resource

• Human Resource

• Capital Resource

2. A resource used to make a good is called a

• Human Resource

• Capital Resource

• Natural Resource

• Good Resource

3. An object people can want or hold is a

• good

• service

• producer

• consumer

4. People who help produce goods and services are

• natural resources

• human resources

• capital resources

• scarce

5. An action that people pay for is a

• good

• service

• opportunity cost

• scarcity

6. Which of the following is an example of a natural resource?

• trees

• teacher

• hammer

• tractor

7. Which of the following is an example of a human resource?

• a nail

• a computer

• a farmer

• water

8. Which of the following is NOT an example of a capital resource?

• a saw

• a factory machine

• a baker

• a hammer

9. Someone who MAKES goods and/or provides a service is a

• consumer

• producer

10. Someone who buys a good or a service is a

• consumer

• producer