Chapter 2 Review

A _____ is a user of goods and services

• local good

• consumer

• natural resource

____ _____ are things made near where they are sold.

• Local goods

• Capital Resources

• Producers

Which of the following is considered a natural resource?

• Water

• Consumer

• Producer

To ________ goods is to bring them IN from another country.

• import

• export

To ______ goods is to send them OUT to another country.

• import

• export

True or false? A service is work that people do, such as fixing a car or cutting your hair.

• true

• false

Which of the following is an example of a good?

• air

• time

• new toy

A _____ is a maker of goods.

• natural resource

• service

• producer

A ______ is a HUMAN MADE item used to make other goods or provide services.

• capital resource

• natural resource

• consumer

True or false? Cost is the price needed to get something else.

• true

• false