Economics- Second Grade

What are natural resources?

• materials that come directly from nature

• people working to produce goods and services

• Goods made by people and used to produce other goods and services

What are human resources?

• Materials that come directly from nature

• People working to produce goods and services

• Goods made by people and used to produce other goods and services

What are capital resources?

• Materials that come directly from nature

• People working to produce goods and services

• Goods made by people and used to produce other goods and services

Which is a natural resource?

• carpet

• hammer

• barber

• wood

Which is a human resource?

• soil

• doctor

• bannana

• vending machine

Which is a capital resource?

• ice

• teacher

• computer

• tacos

What is a synonym for the word barter?

• discount

• money

• trade

• borrow

Bills, coins, and checks used in exchange for goods or services

• Toys

• Money

• Fake

• History

What is it called when all wants cannot be met due to lack of resources?

• frequency

• wishes

• scarcity

• barter

A person who uses a good or service

• consumer

• producer