Economics Review

What is another term for the products that a factory makes to sell to the market?

• producer

• service

• goods

• consumer

People make budgets to help them divide their money to make sure they have enough to cover their expenses. People should always make sure their budgets cover their __________ first.

• wants

• needs

• services

• goods

Items that you can use to help make new products often come in form of people, tools, and things found in nature. They are all called what?

• entrepreneur

• products

• resources

• human resources

Bella wants to walk dogs for some extra money. What kind of resource would Bella be.

• capital resources

• natural resources

• she is not a resource

• human resources

I am using an oven to bake some yummy chocolate chips cookies. What kind of resource would the oven be?

• Capital resource

• human resource

• natural resources

• i am not a resource

I need some materials for a project about the earth. I will need some dirt for my project. What kind of resource is dirt?

• capital resource

• human resource

• natural resource

• soil

What word best describes the job of a teacher, doctor, and a hairdresser?

• producer

• consumer

• goods

• a service

What is the science of saving and spending money called?

• geography

• economics

• ecology

• biology

Which of the following is the most responsible thing to do if you want to try and save your money

• You should hide it in a save place

• You should ask your parents for more.

• You should try and reduce your spending

• You should buy everything you want first.

You wake up with an awful cold. Your mother goes to the store to buy you some medicine. Is this a WANT or a NEED?

• Wants

• Needs