Economics Review

What natural resource was limited in both Greece and Rome?

• Wood

• Coal

• Soil

• Water

What did the Greeks and Romans live near?

• water

• Equator

• volcanoes

• desert

Because the Greeks and Romans lived near water, they made their living by building ________.

• roads

• submarines

• ships

• bridges

Machines, tools, and factories are examples of -

• Human Resources

• Capital Resources

• Natural Resources

• Sustainable Resources

Which are examples of Human Resources? Select ALL that apply.

• Police Officer

• Teacher

• Chef

• Restaurant

• School

Coal mining, farming, and ship building are examples of _____________ in Virginia.

• interdependence

• specialization

• opportunity cost

• economic choice

Which of the following people provides a good?

• 
• 
• 
• 

Which of the following people provides a service?

• 
• 
• 
• 

Mrs. Simpson received $20.00 for her birthday. She wants to buy a dress that costs $15.00 and a pair of shoes that costs $18.00. She decided to buy the shoes. The shoes are her -

• economic choice

• opportunity cost

• barter

• specialization

Echo went to the pet store with $8.00. He could either buy a new water dish or some crickets. He decided to buy the water dish. What is Echo's opportunity cost?

• water dish

• crickets

• $8.00

• $16.00