Economics Review

1. Is an apple considered a good or service?

• Good
• Service

2. Is a server considered a good or service?

• Good
• Service

3. Is a teacher considered a good or service?

• Good
• Service

4. Is a basketball considered a good or service?

• Good
• Service

5. Is a firefighter considered a good or service?

• Good
• Service

6. Is a pair of shoes considered a good or service?

• Good
• Service

7. How are the services of police officers, military, schools, and libraries paid for?

• Money from fundraisers
• Taxes
• From police officers and schools

8. Jessica wants to open an ice cream shop. She is becoming an ____________.

• Cashier
• Employee
• Entrepreneur

9. As Jessica opens her store, she will need ice cream bowls, spoons, freezers, tables and chairs for her shop. All of these supplies are what kind of resources?

• Natural
• Human
• Capital

10. The United States depends of other countries to make goods for our citizens. The United States _______ oil and clothing.

• Imports
• Exports