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WorksheetsEconomics Review
Total questions: 12
Worksheet time: 23mins
Name
Class
Date
1.
Which of these is a natural resource?
a)
Lumber
b)
Teacher
c)
Building
d)
Road
2.
Which of these is a natural resource?
a)
Factory Worker
b)
Oil
c)
Computer
d)
Playground
3.
Which of these is a human resource?
a)
Iron
b)
Teacher
c)
Building
d)
Road
4.
Which of these is a human resource?
a)
Apple
b)
Dog
c)
Grocery Store
d)
Factory worker
5.
Which of these is a capital resource?
a)
Doctor
b)
Grass
c)
Building
d)
Rocks
6.
Which of these is a capital resource?
a)
Computer
b)
Iron
c)
Water
d)
Teacher
7.
Economics is
a)
the study of money.
b)
Goods and services provided by the government.
c)
the science of how goods and services are made, distributed and used.
d)
a resource that is manmade and helps a person do their job.
8.
Which of the following is an example of a way the government uses tax money to provide goods and services?
a)
The Department of Transportation fixing up a road
b)
Having a picnic in your backyard
c)
Walmart
d)
A dog walking business
9.
Which of the following is an example of a way the government uses tax money to provide goods and services?
a)
Your family buys a new car
b)
You get a new toy
c)
A Disney Cruise
d)
Manor Hill
10.
Evan has $15.00. He can spend it on a new video game or save for a new iPod. If He gets the video game what is his opportunity cost?
a)
His $15.00 is gone!
b)
He doesn't get the iPod.
c)
The video game.
d)
What's an opportunity cost?
11.
Choose the answer which lists only services that are paid for by taxes.
a)
groceries, houses, cars, parks
b)
gymnastics, furniture, shopping, stores
c)
schools, roads, libraries, fire departments
d)
vacations, toys,bicycles, roads
12.
We pay taxes in more than one way. What are some ways we pay taxes.
a)
When we visit friends, friendship tax
b)
When we buy things at the store, sales tax
c)
When we go to school, school tax
d)
When we eat a snack, snack tax
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