Unit 4- Economics

How much people want one particular item is called....

• Demand

• Producer

• Popular

Which picture is an example of a human resource?

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Which picture is an example of a Natural resource?

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Trading a pokemon card, for another pokemon card- is an example of what?

• Bartering

• Profit

• Being kind

Being an expert in one job (a vet is an expert of animals), product, or service is called...

• Producer

• Specialization

• Consumer

Many people want a turkey to cook on Thanksgiving, but the supply is starting to run low. Since many people still want one, the price of the turkeys will ______.

• Increase

• Stay the same

• Decrease

A lot of kids are absent from school on the same day. The cafeteria is not making as much money from kids paying for lunch/extras. What causes this change?

• A change of seasons

• More kids are at school today

• A change in the number of buyers

People who use natural resources, human resources, and capital resources to make goods or provide a service are called what?

• Producers

• Goods

• Services

A natural resource that can be used up is called what? (examples: oil, natural gas, coal)

• Non-renewalbe resources

• Renewable resources

Something that can be easily replaced is called what? (example: trees, water, animals for food)

• Non-renewable resources

• Renewable resources