Chapter 2 SS Review

Which word describes what you see in the picture?

• needs

• wants

• consumers

• producers

What capital resources are needed to produce what you see in the picture?

• knowledge about farming, animals

• tractors, plows, factories

• cows, chickens, seeds

• vegetables, animals

Which statement correctly completes the graphic organizer?

• Producers find it easier to import resources.

• Consumers enjoy buying things from far away.

• Consumers prefer to buy needs as well as wants.

• Producers build businesses near resources they need.

Jasmine has a clothing store. She has decided to start exporting her products. What conclusion can you draw about Jasmine’s business?

• She will save money on shipping.

• She will find it easier to get resources.

• She will gain more customers.

• She will be able to make more products.

What kinds of resources are shown in this picture?

• natural and capital resources

• human and capital resources

• human and natural resources

• capital and product resources

Which example illustrates how technology has changed capital resources over time?

• Molly uses an encyclopedia to do research for a book report.

• Alecia develops good study habits so that she can become a scientist.

• Jordan orders a toy that is produced and shipped to his house in three days.

• Ricardo plants a vegetable garden in the spring and eats his vegetables in the summer.

Lettuce is what type of resource

• capital resource

• human resource

• natural resource

tractor is what type of resource

• capital resource

• human resource

• natural resource

planting seeds is what type of resource

• capital resource

• human resource

• natural resource

Jerry Yang studied hard when he was in school. What is another way of describing what Yang did in school?

• investing in his human capital

• funding his education

• volunteering for a good cause

• increasing his capital resources