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WorksheetsEconomics Review
Total questions: 21
Worksheet time: 11mins
What resource is water?
Labor
Enterprise
Land
Capital
What resource is working?
Land
Labor
Enterprise
Capital
What resource is a drill?
Land
Labor
Enterprise
Capital
If there are only 10 roses left and 15 people want to give them to their date that means the demand is _____________, the supply is __________, the roses are in ______________, and the price is _______________.
high, low, surplus, low
high, high, surplus, high
low, low, scarcity, low
low, high, scarcity, low
high, low, scarcity, high
There are 10 TVs and only 5 people want them. This means that the demand is ___________, the supply is _____________, the TVs are in ______________, and the price is _______________.
high, high, surplus, high
low, low, scarcity, low
high, low, surplus, low
low, high, scarcity, high
low, high, surplus, low
You choose to eat popcorn instead of ice cream. What is the opportunity cost?
Popcorn
ice cream
hunger
satisfaction
You choose to play games with your family instead of going to the rad party at Chad's house. What is your opportunity cost.
fun with your family playing games
fun at Chad's house with your friends
Chad's home
Your home
Painting a picture for someone is a...
Good
Service
Consumer
Producer
Fixing a car for someone is a...
Good
Service
Consumer
Producer
A car is a...
Good
Service
Consumer
Producer
A controller is a...
Good
Service
Consumer
Producer
If I make a car I am a...
Good
Service
Consumer
Producer
If I shop in a store I am a...
Good
Service
Consumer
Producer
Jacquelyn is fixing Quintin's windows. Who is the producer?
Jacquelyn
Quintin
Windows
Fixing
Jacquelyn is fixing Quintin's windows. Who is the consumer?
Jacquelyn
Quintin
Windows
Fixing
Jacquelyn is fixing Quintin's windows. What is the good?
Jacquelyn
Quintin
Windows
Fixing
Jacquelyn is fixing Quintin's windows. What is the service?
Jacquelyn
Quintin
Windows
Fixing
Vincent is trimming Cole's hedges. Who is the producer?
Cole
Vincent
Trimming
Hedges
Vincent is trimming Cole's hedges. Who is the consumer?
Cole
Vincent
Trimming
Hedges
Vincent is trimming Cole's hedges. What is the good?
Cole
Vincent
Trimming
Hedges
Vincent is trimming Cole's hedges. What is the service?
Cole
Vincent
Trimming
Hedges
