Economy

A dentist is an example of a

• human resource

• natural resource

• capital resource

• political resource

A warehouse is a

• human resource

• natural resource

• capital resource

• school resource

This picture shows potatoes. This is an example of what type of resource?

• human resource

• natural resource

• capital resource

• government resource

Natural resources are things people use that come from the Earth and are found in nature. Identify 2 examples of natural resources.

• toys and games

• coal and video games

• wood and money

• water and plants

Nathan's grandma gave him $1.00 to buy bubble gum OR a candy bar. He decided to buy the bubble gum. What is his opportunity cost?

• bubble gum

• candy bar

• $1.00

• Grandma

What might happen to the price of bananas?

• The price might go up.

• The price might go down.

• The price will stay the same.

• The bananas and apples will cost the same.

What happens to the price of a product when the supply of the product goes down?

• Price goes up when the supply goes down.

• Price stays the same no matter how much is available.

• Price goes down when the supply goes down.

• None of the above

The pictures shows clothes, water, shelter, and food. What do these items represent?

• wants

• needs

• birthday gifts

• toys

Growing or producing something in the USA and sending it to China is an example of

• division of labor

• importing

• exporting

• sharing and caring

This cell phone is an example of a

• thing that your dog uses

• want

• need

• natural resource