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WorksheetsEconomics - VA SOL Vocabulary
Total questions: 15
Worksheet time: 8mins
What is needed to produce goods and services?
Money
Economics
Resources
Opportunity Cost
What are the 3 types of resources?
Human
Economic
Capital
Natural
What is a good?
Something someone does for another person
Something you really want
Something you need to live
Something someone makes with resources
What is a service?
Something someone does for another person
Something you really want
Something you need to live
Something someone makes with resources
Which are examples of human resources?
Windmill
Farmer
Construction Worker
Hammer
Which are examples of natural resources?
Water
Wind
Soil
Coal
Which are examples of capital resources?
Teacher
Computers
Tools
Buildings
What is specialization?
When people depend on others for things they can't make themselves
A type of good and service
When people focus on providing only certain goods and services
What you give up when you make an economics choice
What is interdependence?
When people depend on others for things they can't make themselves
A type of good and service
When people focus on providing only certain goods and services
What you give up when you make an economics choice
What is an economic choice?
Natural, human, and capital resources
A decision someone makes due to scarcity
The next best choice
What you give up when you make a choice between two things
Which are true about opportunity cost?
Natural, human, and capital resources
A decision someone makes due to scarcity
It is the next best choice
It is what you give up when you make a choice between two things
Which of the following were natural resources in Ancient Greece?
Papyrus
Mediterranean Sea
Mines
Limited Rich Soil
Which was a natural resources in Ancient Egypt?
Papyrus
Mediterranean Sea
Mines
Limited Rich Soil
Which of the following were natural resources in Ancient Mali?
Papyrus
Mediterranean Sea
Salt
Gold
Which two human resources were found in ALL of the ancient civilizations?
Farmers
Miners
Shipbuilders
Traders
