Unit 2 Social Studies

The wants that we have that are met by goods and services are called our

• economic wants

• everyday wants

• undecided wants

The process of making a good is how businesses _______ a good.

• plan

• make

• produce

Which of the following are LIMITED resources? (This means we can run out).

• Trees

• Water

• Oil

Something that someone else does for you.

• Good

• Service

The places that provide goods or services that people want are called

• producers

• specializations

• businesses

When you don't have enough of something, you are experiencing...

• scarcity

• choices

• problems

• services

What are the things that we find in nature to produce goods and services?

• capital resources

• natural resources

• human resources

Which of the following are examples of human resources?

• teacher

• scissors

• hairdresser

• pencil

A physical item that you can buy.

• Good

• Service