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WorksheetsEconomics Part 1
Total questions: 20
Worksheet time: 20mins
What person gives up to get something they want ( your second choice)
opportunity cost
consumer
services
natural resources
What do we call a person who buys a good or uses a service
consumer
goods
service
supply
This is something done for another person
services
supply
Natural resources
capital resources
Amount of goods and services that are available
supply
demand
producer
consumer
Material found in nature that people can use
Natural Resources
Human Resources
Goods
Demands
Tools, machines, equipment, money and factories used to make goods.
Capital Resources
Goods
Demand
Producer
These are the things bought to satisfy needs and wants.
Goods
Demands
Producer
Consumer
Number of people wanting a good or service
Demand
Goods
Producer
Economy
The way a place uses its money, good ,services and natural resources
Economy
Producer
Goods
Supply
A person who works for a business.
Human Resources
Capital Resources
Supply
Demand
Check ALL that provide a service
Teacher
Tree
Doctor
FIrefighter
Check ALL that are goods
Teacher
TV
Food
Game
Sally went to the dentist to get her teeth cleaned. Is she a consumer or producer?
consumer
producer
Check ALL that are producers
farmer
painter
student
dog
When there is too much of something is the cost going to be high or low?
low
high
Bill went to the barber to get a haircut. Which of these two people is providing a service?
barber
Bill
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?
blue
red
Select all the items that would be capital resources to run a gas station.
gas pumps
water
cash register
building
Select all the Natural Resources needed to run french fry booth.
potatoes
salt
fryer
money
The bakery sells more chocolate cupcakes than vanilla cupcakes. Is the demand high or low for the chocolate cupcakes?
high
low
