Economics review

What human resources best complete this diagram about these ancient civilizations?

• 1- Trader

  2 - Papyrus Paper Maker

  3 - Miner

• 1 - Trader

  2 - Miner

  3 - Papyrus Paper

• 1- Miner

  2 - Trader

  3 - Papyrus Paper

• 1 - Papyrus Paper

  2 - Miner

  3 - Trader

In the West African empire of Mali, gold was a (an) -

• human resource

• economic choice

• natural resource

• capital resource

People who use resources to make goods and/or provide services are called -

• capital resources

• producers

• human resources

• consumers

Why does specialization encourage trade?

• Specialization encourages people to travel and spend money.

• People want goods and services they do not have.

• The price of goods and services decreases with specialization.

• Specialization provides different jobs in a community.

In which civilization would you find the human resources in the picture on the left?

• Ancient Rome

• Ancient Mali

• Ancient Egypt

• Ancient Greece

What is an opportunity cost?

• The choice between two possibilities.

• The decision-making model used to make a choice.

• A type of economic specialization.

• The choice that is given up when a decision is made.

Which of the following is an example of a natural resource?

• 
• 
• 

Which two images show capital resources?

• 
• 
• 
• 

With $5.00 you can buy either a cheeseburger or a burrito. This is called a (an) -

• specialization

• scarcity

• economic choice

• opportunity cost

Natural resources are -

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

• things that people make or use to satisfy their needs and wants

• materials that come directly from nature

• people working to produce goods and services