IA4 Final Review Quizziz

What is an example of a human resource?

• Fisherman

• Aquarium

• Fish

• Water

Which is a natural resource that a carpenter would need to build a cabinet?

• Hammer

• Nails

• Ruler

• Wood

Which of these is an example of a capital resource?

• Nail gun

• Carpenter

• Wood board

• Green Lawn

Why do most countries make their own currency?

• so buying and selling is easier inside the country

• so the rulers of the country can print a lot of money for themselves

• so trading with other nations is easier

• so important people in the country can be honored on the bills

How do consumers interact with producers?

• Consumers sell the products of producer.

• Consumers make the products of producers.

• Consumers buy the products of producers.

• Consumers invest in the products of producers.

Brandon chooses not to work. What is his opportunity cost?

• He will not be able to sleep late.

• He will not have new adventures.

• He will not be able to earn money.

• He will not have as much free time.

Sam's grandparents gave him lucky money to celebrate the New Year as he pleased. He shopped in several stores. He liked the smell of cookies. He wanted to buy a new toy. Instead he decided to give his four dollars to a man in need of warm socks for the winter.

Which of the following is Sam's opportunity cost?

• four dollars

• new toy

• helping the man in need

• cookies