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WorksheetsEconomics
Total questions: 20
Worksheet time: 9mins
Name
Class
Date
1.
Trading something for something else - no currency involved
a)
demand
b)
barter
c)
goods
d)
market
2.
The buildings, machines, and tools that companies use to make products
a)
capital resources
b)
human resources
c)
natural resources
d)
entrepreneurs
3.
A person who buys goods and services
a)
consumer
b)
entrepreneur
c)
resource
d)
currency
4.
The using up of a resource
a)
scarcity
b)
supply
c)
services
d)
consumption
5.
another word for money
a)
barter
b)
economics
c)
currency
d)
price
6.
How much people want something
a)
supply
b)
demand
7.
The making, buying and selling of goods and services
a)
economics
b)
inflation
c)
market
d)
barter
8.
A person who comes up with a new idea for a product, and they actually make it and sell it.
a)
resource
b)
human resources
c)
consumer
d)
entrepreneur
9.
What do we call all of the resources required to make a product (good or service)?
a)
economics
b)
consumption
c)
four factors of production
d)
scarcity
10.
Something we pay for that we can touch
a)
goods
b)
services
11.
People who work to make goods or provide services
a)
human resources
b)
capital resources
c)
natural resources
d)
entrepreneurs
12.
Increasing the money supply too quickly > currency loses value > prices increase
a)
price
b)
inflation
c)
scarcity
d)
demand
13.
The place where goods and services are exchanged
a)
barter
b)
currency
c)
market
d)
resource
14.
Something we use from nature
a)
natural resource
b)
human resource
c)
capital resource
d)
entrepreneur
15.
The amount of money we pay for a good or service
a)
currency
b)
price
c)
inflation
d)
economics
16.
Something we use
a)
resource
b)
scarcity
c)
demand
d)
supply
17.
The idea that resources are limited
a)
scarcity
b)
supply
c)
demand
d)
inflation
18.
Something we pay to use for a certain amount of time
a)
services
b)
goods
19.
How much of something is available
a)
supply
b)
demand
20.
The exchange of goods and services
a)
trade
b)
market
c)
economics
d)
consumer
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