Economics

The amount available

• supply

• demand

• import

• natural resource

Individuals who come up with a new idea for a good or service, then they make it a reality

• resource

• human resources

• consumer

• entrepreneur

Something we pay to use fora certain amount of time

• services

• goods

What is a question economists ask when examining the U.S.?

• What events happened in the United States?

• What is produced in the United States?

• What does government do in the United States?

• What natural resources are in the United States?

Which item listed below is a public good?

• a house

• a car

• a cell phone

• a park

Opportunity Cost means ____.

• your best choice

• the price of your best choice

• the price of resources

• the best thing you give up when you chose something else

An example of something the United States imports is ____.

• clothing

• toys

• computers

• all of the above

The government collects taxes to provide _____

• public goods and services

• cars for people

• computers for people

• private goods and services

When a country exports it _____

• buys goods from people in another country

• sells goods to people in another country

• sells services to the government

• buys services for the government

Someone who makes goods or provides services 

• is a consumer. 

• is a producer.

• is an economist.

• is a competitor.