WorksheetsEconomics
Total questions: 15
Worksheet time: 15mins
_____are people who use their skills to produce a good or service
natural resource
human resource
capital resource
_____ are goods produced and used to make other goods or services
natural resource
human resource
capital resource
What is income?
The amount of money you spend
The amount of money you make
How can you use your income?
Buy things with it
Save it
Donate to charity
All of the above
What is the study of the way goods and services are made and used?
market
geography
economics
Which should someone buy first, the things they need or the things they want?
Things they need
Things they want
Which of the following is a need
Food
A basketball
A new game
The newest iPad
If you charge more for your product, will you sell more of it or less?
More
Less
If you have a high demand for a product and a low supply, the price of your product will go:
up
down
