Economics Unit Quiz

Which one is NOT a need?

• home

• water

• toy

• clothing

Which one is NOT a want?

• shelter

• toy

• game

• candy

Which one is an example of a good?

• haircut

• car repair

• food

• teeth cleaning

Which one is an example of a service?

• food

• clothing

• car repair

• computer

How do people meet their needs?

• They use their resources to take care of their needs.

• They work at a job to help meet their needs.

• They get their needs met by their community.

• All three answers are correct.

What is a natural resource?

• a man-made tool people use to make things

• a material people can use that comes from nature

• people, their ideas, and their skills

• None of those choices are correct.

What is a capital resource?

• a man-made tool people use to make other things

• a material that people can use that comes from nature

• people, their ideas, and their skills

• None of the choices are correct

Economics is...

• the way people spend money and make money to meet their needs

• a way to get rich

• how to get everything for free

• how the government produces money in factories

What is a human resource?

• A man-made tool people use to make other things

• a material that people can use that comes from nature

• people, their ideas, and their skills

• None of the choices are correct

A producer is someone who...

• makes goods or provides services for other people

• comes up with an idea and then uses it to start a business

• buys goods and services

• works for the government