Economics

The exchange of good and services without the use of money is called-

• scarcity

• productivity

• barter

• purchase

What is one reason people must make economic choices?

• Resources and good and services are scarce.

• There are enough goods and services for everyone.

• They must choose the next government official.

• They can spend more money.

Who is a consumer?

• A person who uses resources to make things

• Someone who eats too much.

• A person who uses goods and services

• Someone who is a part of an American Indian group

TITLE: __________________

Hammers

Computers

Trucks

What would be the best title for this list?

• Natural Resources

• Human Resources

• Capital Resources

• Reasons for Scarcity

What picture above shows a natural resource?

• 1

• 2

• 3

• 4

Not being able to meet all wants at the same time because resources are limited is called

• resourceful

• scarcity

• barter

• economic choice

Coal is an example of a natural resource because it

• is a material from nature

• is used to produce goods

• is used to produce services

• is made by people

• 1

• 2

• 3

• 4

A person who uses resources to make goods and services is called a-

• consumer

• producer

• barterer

• reporter

Choosing to save your money instead of buying a scoop of ice cream shows you have made-

• an economic choice

• a resource choice

• a good citizen choice

• a production choice