2nd Grade Economic Assessment

The exchange (trade) of goods and services without the use of money is called--

• scarcity

• productivity

• barter

• purchase

What is one reason people must make economic choices?

• Resources and goods and services are scarce.

• There are enough goods and services for everyone.

• They must choose the next government official.

• They can spend more money.

Who is a consumer?

• A person who uses resources to make things.

• Someone who eats too much.

• A person who uses goods and services.

• Someone who is a part of an American Indian group.

Title: _________________

-Hammers

-Computers

-Trucks

What would be the best title for this list?

• Natural Resources

• Human Resources

• Capital Resources

• Reasons for Scarcity

Which picture shows a natural resources?

• 
• 
• 
• 

Which three types of money are used today in exchange for goods and services?

• coins

• salt

• checks

• furs

• paper bills

Farmers, miners, builders, and painters are all examples of what type of reasource?

• human

• capital

• economic

• natural

Not being able to meet all wants at the same time because resources are limited is called--

• resources

• scarcity

• barter

• economic choice

oal is an example of a natural resource because it--

• is a material from nature

• is used to produce goods

• is used to produce services

• is made by people

A person who uses resources to make goods and provide services is called a --

• consumer

• producer

• barterer

• reporter