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WorksheetsEconomics
Total questions: 15
Worksheet time: 13mins
Name
Class
Date
1.
What is a service?
a)
A job
b)
Something someone does for you
c)
A need
d)
Something you do for another person
2.
What is a good?
a)
A need
b)
A baseball game
c)
Things people do for money
d)
Things that people make or grow
3.
A person who uses and buys goods and services
a)
money
b)
producer
c)
consumer
d)
economics
4.
A person who makes goods or provides a service
a)
goods
b)
service producer
c)
producer
d)
consumer
5.
Which of the following is not a good?
a)
Clothes
b)
Food
c)
Dog Walker
d)
Toys
6.
Which of the following is not a service?
a)
Dry Cleaner
b)
Car Wash
c)
Clothes
d)
Babysitter
7.
Things that were not made by humans and are found in nature
a)
natural resources
b)
human resources
c)
capital resources
d)
services
8.
What are wants?
a)
Something found in China
b)
something you must have to live
c)
something you see in a movie
d)
something you would like to have
9.
What are needs?
a)
Something that grows in nature
b)
Something that people would like to have
c)
Something people must have to live
d)
Something found on the moon
10.
Your teacher is providing a _______.
a)
good
b)
service
c)
commercial
11.
The people who do the labor. Anyone who works.
a)
Human Resource
b)
Renewable Resource
c)
Supply
d)
Demand
12.
When I choose one item over another because I cant afford both, this is called an ...
a)
scarcity
b)
opportunity cost
c)
choice
d)
incentive
13.
Economics is the study of how people seek to satisfy their needs and wants by making choices.
a)
True
b)
False
14.
The person who starts, organizes and manages a business is called
a)
an entrepreneur
b)
a consumer
c)
a logger
d)
a producer
15.
Human made goods (equipment, tools, trucks) that people use to produce other goods and services are called
a)
Capital Resources
b)
Natural Resources
c)
Human Resources
d)
Entrepreneur
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