Economics

Front

_____________ are things that people make or use to satisfy their needs and wants. Options:

Goods

,

Services

,

Producers

,

Consumers

Back

Goods

Front

________________ are activities that satisfy people’s needs and wants.

Back

Services

Front

______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.

Back

Producers

Front

________________ are people who use services or buy goods.

Back

Consumers

Front

_______________ resources are materials that come from nature. Options: Special, Natural, Human, Capital

Back

Natural

Front

______________ resources are people working to produce goods or provide services. Options:

Capital

,

Human

,

Natural

,

Manufactured

Back

Human

Front

________________ resources are the things that people use to make the goods or provide their services. Options: Natural, Capital, Company, Human

Back

Capital

Front

The good or service that you give up when you make an economic choice is called _____________________.

Back

opportunity cost

Front

Two or more people depending on each other for goods and services is called __________________________.

Back

economic interdependence

Front

Being an expert in one job, product, or service is called ___________________.

Back

economic specialization