SS CA4 Review

Marissa plants flowers for her neighbors to earn extra money. She uses her shovel, water, flowers, and soil. Which types of resource is her shovel?

• natural

• human

• capital

• entrepreneurial

Marissa plants flowers for her neighbors to earn extra money. She uses her shovel, water, flowers, and soil. The water and soil are ______ resources.

• human

• natural

• capital

• entrepreneurial

Ramon really wants a new video games, but needs to save money for a trip to Six Flags. Ramon decides to buy the video game. What is the opportunity cost of this decision?

• playing the game online with his friends

• the money he could have saved for Six Flags

• this choice didn't have an opportunity cost

• his Playstation

Which branch of government makes the laws?

• legislative

• executive

• judicial

• secretarial

Select each statement that is TRUE!

• Congress makes laws for Georgia.

• Congress makes laws for the country.

• The Georgia General Assembly makes laws for Georgia.

• The Georgia General Assembly makes laws for the country.

A ______ is someone who buys and uses goods and services.

• producer

• consumer

• entrepreneur

• currency

A ______ is someone who provides, makes and sells goods and services.

• producer

• consumer

• entrepreneur

• currency

Currency is the type of money used in a place. In the United States, we pay in (a)   .

What happens when the price of an item increases?

• people buy more

• people buy less

• nothing happens

What happens when an item goes on sale?

• people buy more

• people buy less

• nothing happens