Economics Test Review

1. Which of the following is a form of money that people use?

• gifts
• taxes
• budget
• currency

2. Why do members of a community have to pay taxes?

• to pay for everything they want
• so that most people get a new car
• so people do not have to pay for groceries
• to pay for services provided by the government

3. Which of the following buildings would taxes MOST LIKELY pay for?

• bakery
• shopping mall
• school
• gas station

4. All are paid for by taxes EXCEPT ______________________________.

• bakeries
• the fire department
• the police department
• schools and playgrounds

5. Choose THREE examples of a good.

• band aid
• toothbrush
• pencil
• doctor
• dentist

6. Choose THREE examples of a service.

• doctor
• dentist
• teacher
• band aid
• toothbrush

7. When a hair stylist buys shampoo for her clients, what role does she have?

• goods
• producer
• consumer
• entrepreneur

8. What is a producer?

• someone who makes and sells goods
• someone who buys goods and services
• things people buy
• things people eat

9. Which one is a human resource that can be found on a farm?

• farmer
• tractor
• shovel
• carrot

10. Jared plants watermelon seeds in his garden. What natural resource does Jared need to help his plants grow?

• gardening gloves
• sunlight
• shovel
• bucket