Unit 3 Economics 2nd grade SOL

Because resources are limited, most people-

• Will trade to get everything they want

• always get everything

• must choose among the things they want

• produce the goods they want

Coins and paper bills used to pay for goods and services are known as ___________.

• money

• barter

• savings

• spender

Which of the following is a capital resource?

• Flowers

• Shovel

• Grass

• Gardener

Seven students want pizza for lunch, but there are only three slices left. This is an example of __________.

• scarcity

• resources

• bartering

This picture shows an example of a _____________.

• natural resource

• capital resource

• human resource

• animal resource

Which of the following is a need?

• 
• 
• 
• 

Doug wants a new football. His mom will give him a new football if he rakes the leaves. What kind of exchange is this?

• Savings

• Barter

• Money

• Checks

Mr. Bradley has 3 jump ropes for 5 students to use in the gym. This is a example of ________.

• resources

• bartering

• scarcity

• charging

Tracie has a baseball card that Keith wants. Tracie trades her baseball card for Keith's baseball glove. What type of exchange is this?

• savings

• barter

• money

A person who uses goods and services is a _________.

• producer

• consumer

• saver

• resource