Economics

Water is a

• Natural resource

• Capital resource

• human resource

A computer is a

• natural resource

• Human resource

• capital resource

A doctor is a

• Human resource

• Natural resource

• Capital resource

Everyone in our class wants a gumball, there is only 8 though. Is the demand high or low?

• High

• Low

At Christmas everyone wants wrapping paper. Is the demand high or low?

• High

• Low

How many resources are there?

• 5

• 3

• 1

• 2

A __________ is someone who makes goods or services

• Producer

• Consumer

• Worker

I have to make ______ ________ each day. When I choose between two things

• economic choices

• decisions

• choices

• clothes

A __________ is someone who uses good or services

• producer

• worker

• consumer

• teacher

The choice that is given up in an economic choice is called what

• opportunity cost

• the loosing option

• economic choice