Economics Review

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

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 -

• benefit

• opportunity cost

• barter

• currency

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

Which are examples of natural resources? Select ALL that apply.

• air

• computer

• wood

• soil

• pencil

A person that works to provide a good or service that people want or need.

• Capital Resource

• Student Resource

• Natural Resource

• Human Resource

Ms. Kelly cuts and styles people's hair. She is an example of...?

• producer

• consumer

• service

• good

All 30 kids in art want to color with watercolors, but there are only 7 watercolors. This is an example of...

• profit

• scarcity

• free market

• donation