Economics Review

The picture below is an example of a -

• natural resource

• human resource

• capital resource

• animal resource

The picture shows an example of a -

• natural resource

• human resource

• capital resource

• animal resource

Farmers, builders, and miners are doing their jobs. They are examples of a

• economic scarcity

• opportunity cost

• human resource

• capital resource

Which is a good created by people?

• 
• 
• 
• 

The coins and paper currency used to purchase goods and services is called -

• money

• debit cards

• bartering

• checks

Mandy only had money to buy either a book or a game. She chose a book. Mandy made an -

• scarcity

• economic choice

• barter

• exchange

Which person is acting as a producer?

• Mrs. Chang who is buying a book.

• Mr. Abram who is watching TV.

• Mrs. Morris who is walking to the store.

• Mr. Carson who is working as a farmer.

Mr. Bradley has 3 jump ropes for 5 students to use in gym class. This is an example of -

• scarcity

• bartering

• resources

• charging

All of the following are examples of services EXCEPT -

• walking a dog in a park for an income

• buying gum at the store

• cooking food in a restaurant

• teaching students math

Logan went to the pharmacy to buy medicine for his ill (sick) mother. This is an example of a need.

• true

• false