Personal Finances & Economics

Fur-Fari Dog Groomers bathes dogs. When the dog groomer buys shampoo, what role does he have in the economic system?

• Producers
• Productive 
• Consumers
• Comparative 

There are different types of taxes, such as income tax and sales tax. What is tax?

• Money collected by the government
• A plan for using money
• A car that carries passengers for money
• The buying and selling of products 

Which are usually built by the government with tax money?

• Factories
• Barber shops
• Roads
• Grocery stores

Which of the following buildings would MOST LIKELY be paid for by tax money?

• Bakery
• Gas station
• Shopping mall 
• Elementary school

Why do members of a community have to pay taxes?

• To pay for services provided by the government
• So that people do not have to pay for their family's groceries
• To pay for everything people want
• So that people can buy a new car

What are some examples of Human Resources?

• Oil, water, plants

• chef, teacher, construction worker

• Machines, tools, buildings

• Producers, consumers, taxes

Which one lists examples of Natural Resources?

• Producers, consumers, taxes
• Machines, tools, buildings
• Oil, water, plants
• Skills, knowledge, labor

Mr. James bakes bread for his bakery. He buys his flour, eggs, sugar, and yeast from a manufacturing company. He uses these items to make his baked goods by mixing them in his mixers and placing the items in ovens. Which answer is an example of capital resources in the paragraph?

• Bread
• Mixers and ovens 
• Baker
• Flour, eggs, sugar, and yeast

A factory makes 100 cars a day. The factory owner is having trouble selling the cars. What does the factory owner decide to do to help sell more cars?

• To raise the price of the car
• To build bigger cars
• To lower the price of the car
• To shut down the factory 

What are examples of natural resources?

• water

• trees

• soil

• all of the above