Economics Progress Asssessment 1Study Guide SY25-26

Mike loaded his van with ice cream to sell to kids. What type of resource is his van?

• land resource

• capital resource

• natural resource

• human resource

Susie works for the school system. She drives a school bus full of students to school each day. What type of resource is Susie?

• land resource

• capital resource

• natural resource

• human resource

Why are human resources helpful?

• They provide land.

• They provide income.

• They provide labor (work).

• They provide capital.

What is a capital resource that a car mechanic would need?

• tools

• ice cream

• customers

• employees

What type of productive resource is a flower?

• land resource

• capital resource

• natural resource

• human resource

Jenny wants to open a nail salon but needs to find the chairs for her clients to sit in. What type of productive resource are the chairs?

• land resource

• capital resource

• natural resource

• human resource

What type of resource are trees and water?

• entrepreneur

• capital resource

• natural resource

• human resource

On the weekends, Cindy walks her neighbors' dogs for a fee (money). How would you best describe Cindy?

• natural resource

• entrepreneur

• human resource

• competitor

Which of the following describes an entrepreneur?

• babysitting your sister for free

• starting a dog washing business and hiring friends

• doing your chores

• getting a job at the mall

Why do entrepreneurs take risks?

• to pay the taxes they owe

• to make a profit

• to get smarter

• to become president