Economics

Which one of these is a natural resource?

• tree

• car

• doctor

• phone

What happens to the price when the demand goes up?

• The price also goes up

• The price goes down

• The price stays the same

What is another word for trading?

• Swaping

• Bartering

• Stealing

What is a person who buys a good or service called?

• Producer

• Person

• Consumer

• Teacher

What is an import?

• Something that comes from another country

• A good

• Something that we make in the US and give to another country

What is interdependence?

• when 2 countries need each other

• space ship

• good or service

• trading

What is an entrepreneur?

• worker

• teacher

• Someone who owns their own business

• doctor

What is supply?

• paper

• The amount of a good or service you have

• The want or need of a good or service

• good

Which of these is NOT a human resource

• Teacher

• Computer

• Mailman

• Doctor

What is a capital resource?

• A good that comes from nature

• A service that someone gives

• A job

• A good that makes another good