Impact SS Ch. 6 Test Review

Two reasons you should carefully consider, or think about, what you buy are_______________. (PICK 2 CHOICES!)

• the costs and benefits of the item

• to spend money going out to eat

• people have jobs to earn an income

• you might have to give up something to get something else

Which statement best explains why goods that are usually scarce in a community are available to buy?

• People travel to different states to get the goods they want and need.

• Communities trade for the good they need and want.

• People pay more taxes to get the goods they want and need.

• People use their own resources to get the goods they need and want.

Cotton, lumber, apples, water, and fossil fuels are examples of _____________.

• capital resources

• human capital

• natural resources

• human resources

Machines, tools, and factories are examples of _____________.

• capital resources

• human capital

• natural resources

• human resources

Teachers, firefighters, factory workers, and police officers are examples of _____________.

• capital resources

• human capital

• natural resources

• human resources

____________ means the way a place uses its resources, goods, services, and money.

• entrepreneur

• economy

• import

• export

An __________________ is a person who starts and runs a business.

• entrepreneur

• economy

• import

• export

To ___________ means to bring in goods from another country.

• entrepreneur

• economy

• import

• export

To ___________ means to send goods to another country.

• entrepreneur

• economy

• import

• export

_______ are things you cannot live without.

• wants

• needs

• likes

• imports