NEW
Font size
S
M
L
XL
Worksheets50 Nifty Econ-Level 2
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
The next best choice that you give up.
a)
Resources
b)
Opportunity Cost
c)
Choice
d)
Option
2.
Gifts of nature used to make goods and services.
a)
Capital Resources
b)
Human Resources
c)
Natural Resources
d)
Mineral Resources
3.
Workers who make goods and provide services.
a)
Capital Resources
b)
Natural Resources
c)
Human Resources
d)
Mineral Resources
4.
Goods made and used to produce other goods and services.
a)
Human Resources
b)
Capital Resources
c)
Natural Resources
d)
Income
5.
Paper money that is used by a country.
a)
Currency
b)
Deposit
c)
Barter
d)
Price
6.
The amount that people pay when they buy a good or service is called Price.
a)
True
b)
False
7.
Amount of money you earn or receive from different sources.
a)
Currency
b)
Income
c)
Barter
d)
Goods
8.
Things that can satisfy people's wants are called services.
a)
True
b)
False
9.
Scarcity is when there is not enough for all who want it.
a)
True
b)
False
10.
Activities that can satisfy people's wants.
a)
Goods
b)
Money
c)
Services
d)
Needs
Reset
