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WorksheetsEconomics
Total questions: 25
Worksheet time: 43mins
Basic things humans need to survive
need
want
import
demand
Which of the following are examples of goods?
Apples, Computers, Clothing
Firemen, Police Officers, Soldiers
Health, Love, Friendship
iPhone X just came out and many people want it. What will happen to the price?
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
Something we use from nature to make goods
natural resource
human resource
capital resource
entrepreneur
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
What is supply?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
A new bakery comes to town. Now there are more options for a bakery. What will happen to the price?
What type of resources are these?
capital
natural
nautical
human
The good or service that you give up when you make an economic choice is called _____________________.
opportunity cost
economic choice
economic interdependence
economic specialization
A person who provides a good or service
producer
need
want
consumer
Two or more people depending on each other for goods and services is called __________________________.
economic specialization
scarcity
economic choices
economic interdependence
This picture shows examples of _________________ resources.
natural
capital
human
consumer
Which of the following are examples of services?
Apples, Computers, Clothing
Firemen, Police Officers, Soldiers
Health, Love, Friendship
Halloween is almost here! The supply of candy is going down. What will happen to the price?
