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WorksheetsEconomics
Total questions: 13
Worksheet time: 7mins
What is economics?
The study of shapes
scarcity
The study of the choices people make when making purchases
push and pull factors
Which of the following is an example of a good?
hair stylist
dog walker
orange creme soda
candy bar
Which is NOT an example of a service?
construction worker
teacher
animal groomer
car
Which of the following is a need?
water
food
clothes for school
shelter
Which is NOT a want?
XBox
shelter
candy
ice cream
Opportunity cost is the ________.
answer
requirement
trade off
best
What is the economic problem?
scarcity
opportunity cost
needs and wants
productive resources
Which of the following is NOT considered a productive resource?
Natural resources
Capital resources
Napital resources
Labor resources
Why do countries trade?
To brag
Because different countries specialize in different things
Because every country has different interests
Because we like to eat Italian food in America
How does education affect income (how much money you make)?
education goes up, income goes up
income goes up, education goes up
education goes up, income goes down
income goes down, education goes up
Which of the following is a natural resource?
house
construction worker
wood
furniture designer
Which of the following is a labor resource?
water
painter
paint
paper
Which of the following is NOT a capital resource?
microwave
table
jacket
cotton
