wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Economics Part 1

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

What person gives up to get something they want ( your second choice)

a)

opportunity cost

b)

consumer

c)

services

d)

natural resources

2.

What do we call a person who buys a good or uses a service

a)

consumer

b)

goods

c)

service

d)

supply

3.

This is something done for another person

a)

services

b)

supply

c)

Natural resources

d)

capital resources

4.

Amount of goods and services that are available

a)

supply

b)

demand

c)

producer

d)

consumer

5.

Material found in nature that people can use

a)

Natural Resources

b)

Human Resources

c)

Goods

d)

Demands

6.

Tools, machines, equipment, money and factories used to make goods.

a)

Capital Resources

b)

Goods

c)

Demand

d)

Producer

7.

These are the things bought to satisfy needs and wants.

a)

Goods

b)

Demands

c)

Producer

d)

Consumer

8.

Number of people wanting a good or service

a)

Demand

b)

Goods

c)

Producer

d)

Economy

9.

The way a place uses its money, good ,services and natural resources

a)

Economy

b)

Producer

c)

Goods

d)

Supply

10.

A person who works for a business.

a)

Human Resources

b)

Capital Resources

c)

Supply

d)

Demand

11.

Check ALL that provide a service

a)

Teacher

b)

Tree

c)

Doctor

d)

FIrefighter

12.

Check ALL that are goods

a)

Teacher

b)

TV

c)

Food

d)

Game

13.

Sally went to the dentist to get her teeth cleaned. Is she a consumer or producer?

a)

consumer

b)

producer

14.

Check ALL that are producers

a)

farmer

b)

painter

c)

student

d)

dog

15.

When there is too much of something is the cost going to be high or low?

a)

low

b)

high

16.

Bill went to the barber to get a haircut. Which of these two people is providing a service?

a)

barber

b)

Bill

17.

Dan has $5.00 to buy a new collar for his dog. The red one costs $5.50 and the blue one costs $4.75. He really likes the red one. Which one will he choose?

a)

blue

b)

red

18.

Select all the items that would be capital resources to run a gas station.

a)

gas pumps

b)

water

c)

cash register

d)

building

19.

Select all the Natural Resources needed to run french fry booth.

a)

potatoes

b)

salt

c)

fryer

d)

money

20.

The bakery sells more chocolate cupcakes than vanilla cupcakes. Is the demand high or low for the chocolate cupcakes?

a)

high

b)

low